Open trading account 
AUDUSD is sticking strictly to the technical levels and patterns. The price is still consolidating in the narrow range with the price nearing a strong resistance of 0.75. This level coincides with the 38.2% retracement of the last swing. A break of 0.75 will lead to 0.76 which is 0.618 retracement level. Consolidation has a support at 0.745 and 0.74.
iggy_ua's Blog
AUD forecast for the week
The news from Australia in the intervening week were neutral. There was no new guidance from the RBA, however the employment data came in a mixed bag. A rise of 34,700 in employment well above expectations of 5,000 but all deu to the gain in part time jobs, while full time fell more than expected.
The next week has very little market driving news. The AUDUSD pair is expected to spend the week in the contracting triangle. Still the pair direction to be confirmed by a break of the trendlines.
The next week has very little market driving news. The AUDUSD pair is expected to spend the week in the contracting triangle. Still the pair direction to be confirmed by a break of the trendlines.
AUD short squeeze
Aud has not produced any move on a positive employment report. The AUDUSD is technically in a narrowing triangle. A break of the triangle walls will show the price direction
OIL and CAD
Yesterdays' move in oil price was contrary to the news on Crude Oil Inventories. It's not unusual in the markets, when price runs agains the fundamentals. Speculation plays a key role in the markets nowadays. Despite crowd expectations large players kept accommodating large oil contracts and had to run price higher to pocket the profits. Such a move can not last long even though the daily chart looks threatening for the oil bears. The yesterdays' candle and today's price action favour further up…