AUDUSD Technical Analysis: Bullish Pattern
AUDUSD found a possible bottom in December 2015 and has bounced higher. The pair has tried to test the December 2015 low but has been rejected twice, once in May 2016 and the second time in December...
Tag: AUDUSD
AUD/USD Forecast March 24, 2017, Technical Analysis
AUD/USD daily chart, March 24, 2017 The Australian dollar fell during the day, and found the buyers closer to the 0.7650 level. I think that the market is still in a very strong uptrend, and we will...
AUDUSD Elliott Wave View: Pullback in progress
AUDUSD is showing 5 swings sequence from 12/23/2017 low after it managed to break above 02/23 peak so the sequence is bullish against Intermediate wave (X) low (0.7487). The pair did 5 waves impulsive move from 03/09 low in Minute wave ((a)) which...
AUDUSD Daily Analysis – March 24, 2017
AUDUSD is now in downtrend from 0.7749. Further decline could be expected in a couple of days and next target would be at 0.7550 area. Resistance is at 0.7685, only break above this level could trigger another...
AUD/USD Forecast March 23, 2017, Technical Analysis
AUD/USD daily chart, March 23, 2017 The AUD/USD pair fell initially during the course of the session on Wednesday, but turned around to form a nice-looking hammer. This suggests that there are buyers underneath looking to try...
AUDUSD Daily Analysis – March 23, 2017
AUDUSD broke below 0.7663 support, indicating that the uptrend from 0.7490 had completed at 0.7749 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be...
AUD/USD Forecast March 22, 2017, Technical Analysis
AUD/USD daily chart, March 22, 2017 The AUD/USD pair initially fell on Tuesday, but turned around to rally and form a hammer. If we can break above the 0.7750 level, that would be a very strong sign...
AUDUSD Daily Analysis – March 22, 2017
AUDUSD stays above 0.7663 support and remains in uptrend from 0.7490. As long as 0.7663 support holds, the fall from 0.7749 could be treated as consolidation of the uptrend, and further rise to 0.7800 area is still...
AUD/USD Forecast March 21, 2017, Technical Analysis
AUD/USD daily chart, March 21, 2017 The Australian dollar rose during the day on Monday, testing the 0.7750 level. If we can break above here, I think that the market will continue to go much higher, perhaps...
AUDUSD Daily Analysis – March 21, 2017
AUDUSD broke above 0.7740 resistance. Further rise is still possible in a couple of days and next target would be at 0.7800 area. Key support is at 0.7663, only break below this level will indicate that the...