The Australian dollar fell hard during the session on Friday, crashing into the 0.75 handle. That’s an area that has a certain amount of psychological significance to it, so it makes sense that we could get a...
The Australian dollar bounced during the day after initially falling on Thursday. This was due mainly to the 200-exponential moving average coming into play, which allow long-term traders pay attention to. Because of this, I think that...
AUDUSD stays below the descending trend line on 4-hour chart and remains in downtrend from 0.7679. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...
The Australian dollar tried to rally on Wednesday, but struggled a bit as we ended up forming a less than impressive candle. Because of this, I believe that the market is going to be very choppy going...
AUDUSD continued its downward movement from 0.7679 and the fall extended to as low as 0.7532. Further decline to test 0.7490 support is possible in a couple of days. Near term resistance is at the downward trend...
AUDUSD broke below 0.7587 support, indicating that the downtrend from 0.7749 has resumed. Further decline would be expected and next target would be at 0.7500 area. Near term resistance is located at the descending trend line on...
AUD/USD daily chart, April 04, 2017 The AUD/USD pair initially tried to rally during the day on Monday but found sellers as markets in general sold risk related assets. Ultimately, this is a market that I think...
AUDUSD is testing 0.7587 support, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then deeper decline to 0.7500 area could be seen. On the upside, as long as 0.7587 support holds,...
AUDUSD remains in uptrend from 0.7587, the fall from 0.7679 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 0.7750 area. Support is at 0.7587, only...
AUDUSD remains in uptrend from 0.7158, the price action from 0.7740 could be treated as consolidation of the uptrend. As long as 0.7490 support holds, the uptrend could be expected to resume, and further rise to 0.8000...
