The Australian dollar fell initially on Monday, reaching below the 0.78 level momentarily, before bouncing. This is an area that begins a significant amount of support extending down to the 0.7750 level, so I do expect a...
AUDUSD continued its downside movement from 0.8102 and the fall extended to as low as 0.7795. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the...
AUDUSD previously broke past the resistance around the .7750 minor psychological level then zoomed up to the .8100 area. From there, price retreated from the rally and is showing signs of a correction to the broken resistance....
AUDUSD moves in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.8102. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be...
AUDUSD broke below 0.7807 key support, indicating that the upside movement from 0.7328 had completed at 0.8124 already. Further decline could be expected and next target would be at the resistance-turned-support trend line on the weekly chart...
The Australian dollar slid down to lower levels during Friday, but it seems as if the Americans are willing to pick up the Aussie near the 0.78 handle, which is the beginning of significant support based upon...
The Australian dollar fell rather precipitously during the day on Thursday, testing the 0.78 level underneath. This market offered a bit of support in that area, and it looks likely that we will bounce from here. I...
AUDUSD broke below 0.7807 key support and extended its downside movement from 0.8102 to as low as 0.7799, indicating that the uptrend from 0.7328 (May 9 low) had completed at 0.8124 already. Near term resistance is at...
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave W ended at 88.44 and Minor...
The Australian dollar has been very volatile during the trading session on Wednesday, as we continue to bounce around overall. The market looks susceptible to selloffs, so I suspect that any rally will end up being an...
