AUDUSD is now facing the 0.7807 support, a breakdown below this level would confirm that the uptrend from 0.7328 (May 9 low) had completed at 0.8124 already, then the pair would find next support at the resistance-turned-support...
The Australian dollar fell significantly during the session on Tuesday, as the markets continue to look tenuous at best. Remember, the Australian dollars highly correlated to gold, and of course the overall “risk on” attitude in general....
AUDUSD extended its downside movement from 0.8124 to as low as 0.7859. Deeper decline to test 0.7807 support would likely be seen in a couple of days. Below this level could confirm that the uptrend from 0.7328...
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 fell a bit during the day on Monday, but continues to find plenty of noise in this general vicinity. I think that we are going to see a lot of choppiness, and that the...
AUDUSD is now in a downtrend from 0.8124. Further decline could be expected after a minor consolidation and next target would be at 0.7871, followed by 0.7807. Resistance levels are at 0.8060 and 0.8124, only break above...
AUDUSD broke below the bullish support trend line on its daily chart, suggesting that lengthier consolidation for the uptrend from 0.7328 is underway. Range trading between 0.7807 and 0.8124 would likely be seen in a couple of...
The Australian dollar shot higher during the day on Friday, reaching towards the 0.7975 level. We have seen a significant amount of noise recently, and it now looks as if the gold markets may be trying to...
The Australian dollar fell precipitously against the US dollar during the session on Thursday, as it appears that the Aussie has run out of steam. On the daily charts, we formed a massive shooting star for the...
After correction, AUDUSD broke below 0.7939 support and continued its downside movement from 0.8124. Further decline could be expected in a couple of days and next target would be at 0.7871, followed by 0.7807. Key resistance is...
