AUDUSD Daily Analysis – October 9, 2017
AUDUSD’s bearish movement extended to as low as 0.7732. Key resistance is now at 0.7875, as long as the price is below this level, the downtrend could be expected to continue and next target would be at...
Tag: AUDUSD
AUDUSD Weekly Analysis – October 8, 2017
AUDUSD extended its downside movement from 0.8124 to as low as 0.7732, facing a resistance-turned-support trend line on the weekly chart now at around 0.7700. A breakthrough this trend would indicate that the whole upside movement from...
AUD/USD Forecast October 9, 2017, Technical Analysis
The Australian dollar initially tried to rally during the session on Friday, but found the 0.7750 level to be resistive after we broke down below it. This is a very negative sign for the Australian dollar, as...
AUDUSD Broke Below Major Support Level At 0.7807
After breaking below a bullish trend line on the daily chart, AUDUSD continued to break below an important support level at 0.7807 and extended its downside movement to as low as 0.7743, confirming that the bullish movement...
AUD/USD Forecast October 6, 2017, Technical Analysis
The Australian dollar fell precipitously during the session on Thursday, crashing into the 0.78 level. This is an area where we have a bit of a “hard floor”, and having said that it’s likely that the buyers...
AUDUSD Daily Analysis – October 6, 2017
AUDUSD broke below 0.7785 support and extended its downside movement from 0.8102 to as low as 0.7772. Key resistance is now at 0.7875, as long as this level holds, the bearish movement could be expected to continue...
AUD/USD Forecast October 5, 2017, Technical Analysis
The Australian dollar has gone higher during the session on Wednesday, as we reached towards the 0.7870 level, and then pulled back. However, we have seen a lot of support just below, so I think that the...
AUDUSD Daily Analysis – October 5, 2017
AUDUSD broke above 0.7860 resistance, indicating that the downtrend from 0.8102 had completed at 0.7785 already. Further rally could be expected in the coming days and next target would be at 0.7930, followed by 0.7986. However, as...
AUD/USD Forecast October 4, 2017, Technical Analysis
The Australian dollar fell initially on Tuesday, but found enough support just below the 0.78 level to turn things around and rally. Once we did, we then found resistance at the 0.7825 level, as we continue to...
AUDUSD Daily Analysis – October 4, 2017
AUDUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 0.8102 is complete. Further rally to test 0.7860 resistance could be expected in the coming days....