AUDUSD failed in its attempt to break below the resistance-turned-support trend line on the weekly chart now at around 0.7700 and rebounded strongly from 0.7732, indicating that correction of the downtrend from 0.8124 is underway. Further rally...
The Australian dollar went sideways during the course of the trading session on Friday, but then exploded to the upside as gold rallied after a less than impressive CPI figure coming out of the United States. Ultimately,...
The Australian dollar rallied significantly during the Thursday session, as we finally broke above the 0.78 level it had been giving us some many issues. We pulled back a bit, but are starting to see buyers yet...
AUDUSD’s bounce from 0.7732 extended to as high as 0.7838. Further rally to test 0.7875 resistance is still possible, above this level would confirm that the downtrend from 0.8124 had completed at 0.7732 already, then the following...
AUDUSD recently fell through support at the .7800 level then dipped to .7750 before pulling back up. Applying the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame shows that the...
AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.8124 is underway. Further rally would likely be seen and next target would be at 0.7875. As long...
AUDUSD is now facing the falling trend line on its 4-hour chart. Breakthrough the trend line resistance would take price to next resistance level at 0.7875. Above this level would confirm that the downside movement from 0.8124...
NZDUSD Short term Elliott Wave view suggests the decline from 9/20 peak remains in progress a zigzag Elliott Wave structure. Down from 9/20 high (0.7434), pair ended Minor wave A at 0.7165. Subdivision of Minor wave A unfolded as 5 waves...
The Australian dollar rolled over a bit on Monday, testing the 0.7750 level again. This was the scene of major resistance in the past, so I assume that there should be a significant amount of support in...
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.8102. As long as the price is below the trend line, the bounce from 0.7732 could be treated as consolidation...
