AUDUSD ended the correction in Intermediate wave (X) after reaching 0.7486 and then started rallying from there. With today’s new high the pair is showing 5 waves impulsive move from 03/09/2017 low and has already reached the minimum target area...
AUDUSD broke above 0.7719 resistance, indicating that the uptrend from 0.7490 has resumed. Further rise could be expected and next target would be at 0.7800 area. Support is at now at 0.7663, as long as this level...
AUDUSD is facing 0.7740 resistance. A break of this level will signal resumption of the uptrend from 0.7158, then next target would be at 0.8000 area. Support is now at 0.7490, only break below this level will...
AUD/USD daily chart, March 20, 2017 The Austrian dollar rose on Friday, testing the 0.77 level. It looks as if we are going to try to break out to the upside given enough time, so I am...
AUD/USD daily chart, March 17, 2017 The Australian dollar fell a bit during the session on Thursday, after having significant gains on Wednesday. The 0.77 level looks to be rather resistive, and I think that the resistance...
Under pressure by 0.7740 resistance, AUDUSD pulled back from 0.7719. However, the pullback is likely consolidation of the uptrend from 0.7490. Support is at 0.7640, as long as the pair is above this level, the uptrend could...
AUDUSD broke above 0.7632 resistance and is now in uptrend from 0.7490. Further rise could be expected after a minor consolidation and next target would be at 0.7800 area. Support is at 0.7640, as long as this...
AUD/USD daily chart, March 15, 2017 The AUD/USD pair fell significantly during the day on Tuesday but found enough support at the 100-exponential moving average to turn things around and form a hammer. Because of this, I...
AUDUSD remains in downtrend from 0.7740, the price action from 0.7542 is likely consolidation of the downtrend. Key resistance is at 0.7632, as long as the pair is below this level, the downtrend could be expected to...
AUD/USD daily chart, March 14, 2017 The Australian dollar rallied during the day on Monday, as we continue to see a bit of a rebirth in the uptrend. The 0.75 level has offered a significant support level,...
