The AUD/USD pair initially fell on Friday but found enough support at the 50% Fibonacci retracement level to bounce a bit. If we can break above the 0.95 handle, the market should continue to go higher. Ultimately,...
AUDUSD’s downward movement from 0.7749 extended to as low as 0.7439. Further decline could be expected in a couple of days and next target would be at 0.7400 area. Resistance is at 0.7540, only break above this...
The Australian dollar fell significantly during the session on Wednesday, breaking down to the 50% Fibonacci retracement level. It is in this area that one would expect some type of support to appear, but as I record...
AUDUSD broke out of the triangle pattern and continued its downward movement from 0.7749. Further decline could be expected in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7540, only...
Commodity currencies got beat severely during the session on Tuesday and of course the Australian dollar was no different. However, we are still consolidating as far as I can see so therefore I don’t have any interest...
AUDUSD is forming a triangle pattern on 4-hour chart. Support is at 0.7491, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then further following downward movement could bring price to 0.7400...
The Australian dollar went back and forth on Monday as we continue to bounce around in consolidation. I believe there’s plenty of resistance at the 0.76 level. And exhaustive candle in that area would be and I...
AUDUSD stays above the ascending trend line on 4-hour chart, and remains in uptrend from 0.7491. Further rise could be expected after a minor consolidation and next target would be at 0.7650 area. Support is located at...
AUDUSD broke above 0.7550 resistance, indicating that the downward movement from 0.7610 had completed at 0.7491 already. The pair is now in uptrend from 0.7491. Further rise could be expected and next target would be at 0.7650...
AUDUSD remains in uptrend from 0.7158, the price action from 0.7740 is likely consolidation of the uptrend. Another rise towards 0.7800 could be expected after the consolidation. Support is now at 0.7472, only break below this level...
