The Australian dollar had a slightly positive session on Friday as we approach the 200-day exponential moving average. The 0.75 level has been support, and I do see a significant amount of resistance at the 0.76 level...
The Australian dollar rallied during the day on Thursday, using the 0.75 level as a springboard. It looks as if the market is going to try to go back towards the 0.76 handle, but at the first...
AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend. Further decline to test 0.7473 support is possible, and a breakdown below this level will signal resumption of the downtrend from...
The AUD/USD pair fell significantly during the day, testing the 0.75 level. There is a significant amount of support just below though, so if we do breakdown it’s going to be a difficult market to sell....
AUDUSD is facing 0.7473 support, a breakdown below this level will confirm that the downtrend from 0.7749 has resumed, then the following downward movement could bring price to 0.7300 area. Near term resistance is at 0.7535, only...
The AUD/USD pair fell during the trading session on Tuesday, touching the 200-day exponential moving average. I still think there’s a significant amount of support below at the 0.75 level, so a supportive candle could be a...
AUDUSD broke below 0.7535 support, indicating that the upward movement from 0.7473 had completed at 0.7610 already. Deeper decline to test 0.7473 support could be expected, a breakdown below this level will confirm that the downtrend from...
The AUD/USD pair rallied during the Monday session, testing the 0.76 level. If we can break above the top of the range for the day, the market will more than likely go looking for the 0.7750 level...
AUDUSD remains in uptrend from 0.7473, the price action from 0.7595 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 0.7700 area. Support is at 0.7535,...
AUDUSD remains in uptrend from 0.7473. Further rise could be expected after a minor consolidation and next target would be at 0.7700 area. Support is at 0.7500, only break below this level could bring price back to...
