The Australian dollar initially fell on Tuesday but found buyers below to start pushing higher again. We are currently testing the 0.74 handle, and now looks as if the upward momentum could continue. However, I see a...
AUDUSD’s upward movement extended to as high as 0.7384. Support is at 0.7287, as long as this level holds, the uptrend could be expected to continue, and further rise to 0.7450 area is still possible. Only break...
The AUD/USD pair bounced off the 0.73 level during the session on Monday, showing signs of massive support. By doing so, the market looks as if it is ready to continue trying to rally, but given enough...
AUDUSD remains in uptrend from 0.7159. Further rise could be expected and next target would be at 0.7450 area. Support is at 0.7287, only break below this level could signal completion of the uptrend.
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.7778. As long as the trend line resistance holds, the rise from 0.7158 could be treated as consolidation of the downtrend. Further...
The AUD/USD pair broke out during the day on Thursday, clearing the 0.73 level. We are dealing with a significant amount of resistance in this general vicinity, but it looks as if the Australian dollar is trying...
AUDUSD’s upward movement from 0.7159 extended to as high as 0.7356. Further rise is still possible and next target would be at 0.7400 area. Support is at 0.7280, only break below this level could signal completion of...
AUDUSD broke above 0.7246 resistance, indicating that the downtrend from 0.7524 had completed at 0.7159 already. Further rally could be expected over the next several days, and the target would be at 0.7400 area.
The Australian dollar rallied on Tuesday, as we continue to consolidate. This is a market that is a little bit oversold, so either consolidation or a bounce is needed to attract more sellers. Pay attention to the...
The Australian dollar went back and forth during the day on Friday, as liquidity would have been a bit of an issue. I believe that the market could rally a bit from here, but the 0.73 level...
