The Australian dollar had a strong session on Wednesday as Janet Yellen testified in front of Congress that the interest rate hikes coming out of the United States might be a little bit more measured and slower...
AUDUSD is now facing 0.7712 resistance, a break of this level will indicate that the uptrend from 0.7328 (May 9 low) has resumed, then next target would be at 0.7800 area. Near term support is at 0.7660,...
The AUD/USD pair initially tried to rally during the day on Tuesday, but found the 0.7625 level to be resistive again. However, when I look at the chart overall, looks as if we are trying to form...
AUDUSD broke above 0.7640 resistance, indicating that the downward movement from 0.7712 had completed at 0.7571 already. Further rally to test 0.7712 resistance could be expected in a couple of days. Support is at 0.7571, only a...
The Australian dollar initially tried to rally on Monday, but turned around at the 0.76 level to fall to the 0.7580 level. We hardly gone anywhere during the day though, and I believe the Australian dollar is...
AUDUSD remains in the short term downtrend from 0.7712, the bounce from 0.7571 is likely consolidation of the downtrend. Another fall to test 0.7535 support is still possible after the consolidation. A breakdown below this level will...
AUDUSD remains in uptrend from 0.7328 (May 9 low), the fall from 0.7712 could be treated as consolidation of the uptrend. Key support is at 0.7535, as long as this support holds, the uptrend could be expected...
Under pressure by 0.7749 resistance, AUDUSD pulled back from 0.7712. However, as long as the price is above 0.7535 key support, the pullback could be treated as consolidation of the uptrend from 0.7328 and another rise towards...
The Australian dollar initially slid a bit at the open on Friday, but then bounced significantly towards the 0.76 handle. This is a market that continues to be very volatile, and of course choppy. Gold markets have...
AUDUSD’s fall from 0.7712 extended to as low as 0.7571. Further decline to test 0.7535 support is possible. As long as 0.7535 support holds, the fall could be treated as consolidation of the uptrend from 0.7328 (May...
