{"id":8756,"date":"2010-04-22T13:15:21","date_gmt":"2010-04-22T17:15:21","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8756"},"modified":"2010-04-22T13:15:21","modified_gmt":"2010-04-22T17:15:21","slug":"audusd-edges-lower-as-risk-trade-falters","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/22\/audusd-edges-lower-as-risk-trade-falters\/","title":{"rendered":"AUD\/USD Edges Lower as Risk Trade Falters"},"content":{"rendered":"<p><strong>By Fast Brokers <\/strong>&#8211; The Aussie is being dragged lower today due to considerable weakness in the Euro.\u00a0 Greek bond yields have hit an all-time high and EU budget deficits are widening.\u00a0 The deteriorating fiscal situation in the EU has stirred uncertainty all around the risk trade as the Cable and gold also retreat.\u00a0 However, the Aussie has managed to stay in a somewhat respectable positive due to its relative strength stemming from the RBA\u2019s hawkish monetary stance.\u00a0 Australia has released little economic data this week, allowing the Aussie to move according to its positive psychological forces.\u00a0\u00a0 Stevens will speak tomorrow and it will be interesting to see whether he maintains the positive sentiment seen in the RBA\u2019s recent meeting minutes.\u00a0 If so, the Aussie should hold onto its relative strength.\u00a0 However, the EU, UK, and U.S. will likely hog the spotlight.\u00a0 That being said, investors should keep an eye on the data wire as the European trading session rolls around.\u00a0 If the data should turn sour this could weigh on the risk trade as a whole, Aussie included.\u00a0 Additionally, corporate earnings will continue to flood in and results should have a noticeable impact on the greenback.<\/p>\n<p>Technically speaking, the Aussie faces technical barriers in the form of 4\/21, 4\/15 and 4\/12 highs.\u00a0 Additionally, the psychological .93 and .94 levels could serve as psychological obstacles over the near-term.\u00a0 As for the downside, the Aussie has multiple uptrend lines serving as technical cushions along with 4\/13 and 4\/19 lows.<\/p>\n<p>Price: .9258<br \/>\nResistances: .9272, .9282, .9292, .9306, .9316, .9329<br \/>\nSupports: .9257, .9245, .9234, .9222, .9209, .9192<br \/>\nPsychological: .93, .94, .92, April highs and lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/April21Aussie.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/April21Aussie.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/a><\/p>\n<p>(click chart to enlarge)<\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?CP001\" target=\"_blank\"><strong>Fast                  Brokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is                  provided for information purposes only and under no    circumstances        should        be regarded neither as an investment    advice nor as a        solicitation    or    an  offer to sell\/buy any    financial  product.       FastBrokers  assumes   no      responsibility   or liability  from  gains or      losses  incurred by  the         information herein   contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss                  in trading futures and foreign exchange. Please   carefully        review     all     risk disclosure documents before   opening an    account     as these      financial    instruments are not   appropriate    for all     investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; The Aussie is being dragged lower today due to considerable weakness in the Euro.\u00a0 Greek bond yields have hit an all-time high and EU budget deficits are widening.\u00a0 The deteriorating fiscal situation in the EU has stirred uncertainty all around the risk trade as the Cable and gold also retreat.\u00a0 However, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/22\/audusd-edges-lower-as-risk-trade-falters\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Edges Lower as Risk Trade Falters&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8756","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8756"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8756\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}