AUDUSD stays in the descending price channel on 4-hour chart, and remains in downtrend from 0.7740. As long as the pair is in the channel, the downtrend could be expected to continue and further decline to 0.7400...
AUDUSD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting the latest highs of price action. Price is currently pulling back to this trend line, which lines up with the...
AUDUSD remains in downtrend from 0.7740, the rise from 0.7490 is likely consolidation of the downtrend. Resistance is now at the top of the price channel on 4-hour chart. As long as the pair is in the...
AUD/USD daily chart, March 13, 2017 The AUD/USD pair rallied on Friday, showing signs of life at the 0.75 handle. This might be the beginning of the continuation of the longer-term uptrend, but we need to see...
Being contained by 0.7778 resistance, AUDUSD pulled back from 0.7740. The pair is now in downtrend. Further decline could be expected and next target would be at 0.7100 area. Resistance is at 0.7740, only break above this...
AUD/USD daily chart, March 10, 2017 The AUD/USD pair fell during the day on Thursday, testing the vital 0.75 level. This is an area that should continue to be important, as it was so resistive in the...
AUDUSD stays below the downward trend line on 4-hours chart and remains in downtrend from 0.7740. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...
AUD/USD daily chart, March 09, 2017 The AUD/USD pair initially tried to rally during the day on Wednesday, but turned around to find selling pressure again. I think that the 0.75 level underneath should be supportive though,...
After consolidation, AUDUSD continued its downward movement from 0.7740 and dropped to as low as 0.7517. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is...
AUD/USD daily chart, March 08, 2017 The Australian dollar initially rallied after somewhat hawkish comments coming out of the RBA, but you can see that the market fell significantly. It looks as if the 50-day exponential moving...
