No changed in our view, AUDUSD remains in downtrend from 0.7610, the bounce from 0.7328 could be treated as consolidation of the downtrend. Range trading between 0.7328 and 0.7426 would likely be seen in a couple of...
The Australian dollar had a very bullish session on Wednesday, but found the 0.74 level to be far too resistive. The gold markets of course offer quite a bit of bearish pressure on the Australian dollar as...
AUDUSD remains in downtrend from 0.7610, the rise from 0.7328 is likely consolidation of the downtrend. Near term resistance is at 0.7416, as long as this level holds, the downtrend could be expected to continue, and next...
The AUD/USD pair fell during the day on Tuesday, as the 0.74 level continues to offer resistance. That was an area that had been important to the market until Tuesday, and now that we have broken below...
AUDUSD’s downward movement from 0.7555 extended to as low as 0.7328. Further decline is still possible and next target would be at 0.7280 area. Key resistance is at 0.7426, only a break above this level will indicate...
The Australian dollar fell a bit during the session on Monday, as we initially gapped down, and then started falling. However, we bounced to test the area we gap down from, and then rolled over again. As...
After consolidation, AUDUSD continues its downward movement from 0.7555 and the fall extended to as low as 0.7354. Near term resistance is now at 0.7426, as long as this level holds, the downward movement could be expected...
AUDUSD is in downtrend from 0.7555, the rise from 0.7367 is likely consolidation of the downtrend. Range trading between 0.7367 and 0.7450 would likely be seen in a couple of days. Resistance is at 0.7450, only a...
The AUD/USD pair rallied after initially falling during the day on Friday. Ultimately, this essentially formed a bit of a hammer and that suggests to me that the market may bounce a bit from here. However, there...
AUDUSD moved below a descending trend line on daily chart and remains in downtrend from 0.7749. As long as the pair is below the trend line, the downward movement could be expected to continue, and next target...
