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  • H.S. Borji

    The Australian dollar edged higher against its US counterpart Tuesday, shrugging off disappointing business confidence data as the markets continued to absorb weaker than forecast US employment figures and a bigger uptick in Chinese exports. The AUDUSD climbed 0.47 percent to 0.8667, bouncing from an intraday low of 0.8592. The pair is testing the initial

  • H.S. Borji

    The Australian dollar rallied against its US counterpart Monday, as the greenback declined following bearish comments from Federal Reserve officials, while China posted an unexpected gain in imports. The AUDUSD climbed to an intraday high of 0.8787. The pair would subsequently consolidate at 0.8751, advancing 0.8 percent. The pair is likely supported at 0.8648. On

  • H.S. Borji

    The Australian dollar advanced slightly against its US counterpart Monday amid a dearth of economic data, as investors remained on the sidelines ahead of Tuesday’s RBA meeting minutes. The AUDUSD traded within a narrow range of 0.9380-0.9403. The pair consolidated at 0.9394, advancing 0.11 percent. The technical levels show in initial support at 0.9374 and

  • Forex » Aussie Rallies to Test 0.94 US
    June 11, 2014, 15:47 GMT

    The Australian dollar advanced further against its US counterpart Wednesday, threatening to retake 0.94 amid improving Australian consumer confidence. The AUDUSD peaked at 0.9406, its highest level since April 15. The pair consolidated at 0.9388, advancing 0.18 percent. The trend line shows initial support at 0.9346 and resistance at 0.9392. Above this level, 0.9412 and

  • The Australian dollar was treading water in the North American session, backtracking from a daily high of 0.9385 US ahead of an active Tuesday session that features the unveiling of the latest Australian budget. The AUDUSD pair was trading at 0.9360, unchanged from the previous close. The pair advanced more than 0.1 percent over the