The Australian dollar initially tried to rally during the day on Thursday, but found resistance at the 0.7640 level. We pulled back from there, and then reached for support below where we did start to see that....
AUDUSD remains in uptrend from 0.7371, the pullback from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as the pair is above this level, the uptrend could be expected to continue,...
The Australian dollar exploded to the upside during the day on Wednesday, in anticipation of the Federal Reserve meeting announcement. While an interest rate hike is expected out the United States, the market is starting to bet...
AUDUSD’s bullish movement from 0.7371 extended to as high as 0.7635. Key support is now at 0.7519, as long as this level holds, the bullish movement could be expected to continue and next target would be at...
The Australian dollar try to rally during the session on Tuesday, but found enough resistance above the turnaround for a bit of a shooting star. I believe that the market will continue to try to rally though,...
AUDUSD failed to break above 0.7566 resistance and continued its sideways movement on the 4-hour chart. Near term support is at 0.7500, as long as this level holds, the sideways move could be treated as consolidation of...
The Australian dollar initially went sideways during the Monday trading hours, but eventually found buyers as the market started to reach towards the 0.7550 level above. That’s an area that will cause a little bit of resistance,...
AUDUSD is facing 0.7566 resistance, a break of this level will signal resumption of the uptrend from 0.7371, this could trigger another rise towards 0.7650. Near term support is at 0.7500, and the key support is at...
AUDUSD is in consolidation of the uptrend from 0.7371. Range trading between 0.7450 and 0.7566 would likely be seen over the next several days. Key support is at 0.7450, as long as this levels holds, the uptrend...
The Australian dollar gapped lower at the open on Friday, and continued to grind sideways after that. We have filled the gap since then, so I think we can continue to go higher if given the opportunity....
