The Australian dollar had an interesting session on Tuesday, as we broke above the psychologically significant 0.75 level, but turned around to form a less than stellar move. If we can break down below the 0.7450 level,...
AUDUSD ran in an ascending price channel on 4-hour chart and just bounces off the top resistance line of the channel. Correction pullback could be seen and the target would be at the bottom support line of...
The Australian dollar had an explosive session on Monday, initially gapping lower, filling the gap, and then continue the down move. However, we turned around at the 0.7425 level to rocket to the upside. As we approached...
AUDUSD broke above the descending trend line 4-hour chart, indicating that the bearish movement from the March 21 high of 0.7749 had completed at 0.7328 already. The pair is now in uptrend. As long as the pair...
AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated...
AUDUSD is facing the resistance of the descending trend line on daily chart. A clear break above the trend line will indicate that the bearish movement from 0.7749 had completed at 0.7328 already, then further rally to...
The AUD/USD pair had a very strong session on Friday, reaching towards the highs that we had touched on Thursday. That’s a very bullish sign, and I think that the market is now trying to reach towards...
The Australian dollar had a very volatile session on Thursday, as we initially shot higher, right along with gold. However, we sold off after that as the market then looked for support at the 0.74 handle again....
Under pressure by the resistance of the descending trend line on 4-hour chart, AUDUSD pulled back from 0.7466. Another rise to test the trend line resistance is still possible after consolidation. As long as the pair is...
The Australian dollar has had an interesting day on Wednesday, as we fell significantly, but then turned around to find support just below the 0.74 handle. This is a large, round, psychologically significant number, so it makes...
