AUDUSD extended its downside movement from 0.7897 to as low as 0.7635, breaking below the resistance-turned-support trend line on the weekly chart. Near term resistance is at the bearish trend line on the 4-hour chart. As long...
The Australian dollar broke down significantly during the trading session on Wednesday, slicing through the 0.7750 level. This is an area that was massively important in the past, and I think we are now going to continue...
AUDUSD extended its downside movement from 0.7897 to as low as 0.7690, facing a resistance-turned-support trend line on the weekly chart. At the same time, the pair stays below a bearish trend line on the 4-hour chart,...
The Australian dollar initially rallied on Tuesday, using the 0.78 level as support. The 0.7850 level above was resistance during the previous session, but we could even make it to that level. It look very bullish initially,...
AUDUSD broke below 0.7732 support, indicating that the downtrend from 0.8124 has resumed. Further decline could be expected in the coming days and next target would be at the resistance-turned-support trend line on the weekly chart now...
The Australian dollar tried to rally during most of the session on Monday, but ran into a buzz saw of resistance near the 0.7850 level, and then pulled back to test the vinyl 0.78 handle. This is...
AUDUSD’s fall from 0.7897 extended to as low as 0.7795. Further decline is still possible and next target would be at 0.7732 previous low, followed by the resistance-turned-support trend line on the weekly chart now at around...
AUDUSD broke below the rising trend line on the 4-hour chart, indicating that the short term uptrend from 0.7732 had completed at 0.7897 already. Further decline could be expected in the coming days and next target would...
AUDUSD remains in the downtrend from 0.8124, the bounce from 0.7732 is likely correction of the downtrend. Further rally would likely be seen in the coming days and the target would be at 0.7986. However, the downtrend...
The Australian dollar got hammered during the Friday trading session, dropping almost immediately, rallying a bit, and then breaking down again as the Americans came on board. Most of this would’ve been due to the finalists in...
