AUDUSD Weekly Analysis – June 10, 2017
AUDUSD’s bounce from 0.7328 extended to as high as 0.7566. Further rise could be expected in a couple of weeks and next target would be at around 0.7700. Support is at 0.7450, only a breakdown below this...
Tag: AUDUSD
AUDUSD Elliott Wave Analysis: Mature Cycle
Revised short term AUDUSD Elliott Wave view suggests the rally from 5/9 low is unfolding as a leading diagonal Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((i)) ended at 0.7517, Minute wave ((ii)) ended at 0.7368, and Minute...
AUD/USD Forecast June 9, 2017, Technical Analysis
The Australian dollar has been less than impressive during the session on Thursday, as the market looks likely to roll over a bit from here. If you use a little bit of imagination, you can see a...
AUDUSD Daily Analysis – June 9, 2017
AUDUSD remains in uptrend from 0.7371, the fall from 0.7566 could be treated as consolidation for the uptrend. Range trading between 0.7500 and 0.7566 would likely be seen in a couple of days. Near term support is...
AUDUSD Elliott Wave View: Near Pullback
Short Term AUDUSD Elliott Wave view suggests the rally from 5/9 low is unfolding as a double three Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((w)) ended at 0.7517 and Minute wave ((x)) ended at 0.7368. Pair has...
AUD/USD Forecast June 8, 2017, Technical Analysis
The Australian dollar exploded to the upside on Wednesday, using the 0.75 level as support. Ultimately, this was in reaction to the stronger than anticipated Australian GDP numbers, as evident by the impulsive candle initially during the...
AUDUSD Daily Analysis – June 8, 2017
AUDUSD’s bullish movement from 0.7371 extended to as high as 0.7566. Further rise is still possible after consolidation and next target would be at 0.7650 area. Near term support is at 0.7500, as long as this level...
AUDUSD Elliott Wave View: More Upside
Short Term Elliott Wave view in AUDUSD suggests the rally from 5/9 low is unfolding as a double three Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((w)) ended at 0.7517 and Minute wave ((x)) ended at 0.7368. Pair has...
AUD/USD Forecast June 7, 2017, Technical Analysis
The AUD/USD pair broke out during the session on Tuesday, clearing the 0.75 level. Now that we have done that, the market has turned around to test that area and show signs of support, and because of...
AUDUSD Daily Analysis – June 7, 2017
AUDUSD broke above 0.7517 resistance. Further rise is still possible in a couple of days and next target would be at around 0.7550. Near term support is at 0.7457, only a breakdown below this level could signal...