AUDUSD moved sideways in a trading range between 0.7159 and 0.7246. As long as 0.7246 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.7524, and further decline to...
The AUD/USD pair rallied on Thursday, bouncing off the recent lows. The market could rally from here and go all the way to the 0.73 level above which of course is previous support. That should now be...
The AUD/USD pair had a volatile session on Wednesday as we tried to rally, but gave up most of the gains. Ultimately, we ended up forming a shooting star like candle, and that means that we could...
The AUD/USD pair did almost nothing on Tuesday as traders came back, so I believe that any time we rally from here sellers will step back into this market and punish the Australian dollar every time he...
AUDUSD remains in downtrend from 0.7524, the rise from 0.7159 is likely consolidation of the downtrend. Resistance is at 1.7280, as long as this level holds, the downtrend could be expected to continue, and next target would...
AUDUSD’s downward movement from 0.7778 extended to as low as 0.7159. Further decline is still possible over the next several weeks, and next target would be at 0.6900 area. Near term resistance is at the downward trend...
The Australian dollar had a volatile session on Thursday as we continue to bang around at fresh, new lows. I believe that the market is going to reach down to the 0.70 level underneath, and at this...
The AUD/USD pair fell a bit during the session on Wednesday, as we continue to see quite a bit of resistance near the 0.73 level. I think that any short-term candle that looks suspiciously exhaustive it is...
AUDUSD’s downward movement from 0.7524 extended to as low as 0.7219. Near term resistance is at 0.7280, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7000...
The AUD/USD pair initially fell on Tuesday, but found enough support just above the 0.72 level to turn things around and form a hammer. The hammer of course is a very bullish sign, but even if we...
