The Australian dollar exploded to the upside on Wednesday, using the 0.80 level as a springboard. Now that we’ve clear that level and more importantly, are testing recent highs, it’s likely that we will continue to see...
No changed in our view, AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 could be treated as correction of the downtrend. Further decline would likely be seen after the correction, and next target...
After failing in its two attempts to break above the resistance of the May 2015 high of 0.8162, AUDUSD pulled back from 0.8124 and broke below a major support trend line at 0.7975 on its daily chart,...
The Australian dollar exploded to the upside during the day on Tuesday, breaking above the 0.80 level at one point. We turned around though, and I think that this level will continue to offer a significant amount...
AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 is likely consolidation of the downtrend. Near term resistance is at 0.8050, as long as this level holds, the downtrend could be expected to continue...
The Australian dollar initially tried to rally during the day on Monday, but gold markets have rolled over enough to put serious pressure on the Aussie. However, I do see support just below so I think that...
AUDUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.7807 had completed at 0.8124 already. Further decline could be expected after a minor consolidation...
AUDUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 0.7807. As long as the price is in the channel, the pullback from 0.8124 could be treated as consolidation of...
AUDUSD stays above a bullish support trend line on its daily chart and remains in the uptrend from 0.7328. As long as the price is above the trend line, the uptrend could be expected to continue and...
The Australian dollar tried to rally during the day on Friday, but found a bit of resistance near the 0.030 level. By pulling back, we have settled near the 0.0 level again, an area that has been...
