AUDUSD broke above 0.7718 resistance, suggesting that lengthier consolidation for the downtrend from 0.8124 (Sep 8 high) is underway. Further rally is still possible and next target would be at 0.7750. Above this level would aim 0.7800...
The Australian dollar rallied a bit during the day on Wednesday, breaking above the 24-hour exponential moving average. The 0.77 level above is offering resistance, and I think currently we are doing nothing more than consolidating. The...
AUDUSD broke above the top trend line on the price channel on its 4-hour chart, suggesting that lengthier consolidation for the downtrend from 0.7897 is needed. Range trading between 0.7624 and 0.7718 could be expected to continue...
The Australian dollar fell rather hard during the Tuesday session, but continues to find buyers near the 0.7650 region. Because of this, I think we are going to see a lot of noise in the market, especially...
AUDUSD failed to break above 0.7718 resistance and stayed in a trading range between 0.7624 and 0.7718. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as...
The Australian dollar rallied a bit during the day on Monday initially, but then rolled over a bit later in the day. The market continues to find resistance near the 0.7750 level, extending to the 0.78 level....
AUDUSD broke above the bearish trend line on the 4-hour chart, indicating that consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7624 and 0.7718 would likely be seen in a couple of days. As...
AUDUSD is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance could bring price to test 0.7718 key resistance. Above this level will indicate that the...
AUDUSD extended its bearish movement from 0.8124 to as low as 0.7624. Further decline could be expected after a minor consolidation and next target would be at 0.7535. Resistance is at the bearish trend line on the...
The Australian dollar went sideways on Friday, as we have reached the 61.8% Fibonacci retracement level from the weekly move. We have recently broken down below massive support, and I now think that the 0.7750 level above...
