The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session. This is a market that has a significant amount of bearish pressure above it...
AUDUSD remains in downtrend from 0.7778, the rise from 0.7310 is likely consolidation of the downtrend. Range trading between 0.7310 and 0.7460 is possible in a couple of days. Resistance is located at the top of the...
AUDUSD continued its downward movement from 0.7778, and the fall extended to as low as 0.7313. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7420,...
AUDUSD broke below 0.7441 support, indicating that the uptrend from 0.7144 had completed at 0.7778 already. Further decline could be expected over the next several weeks, and the target would be at 0.6900 area. Resistance is at...
The AUD/USD pair fell on Friday as we continue to see a lot of weakness in the Aussie dollar. This is a market that should continue to go lower as there is most certainly a massive amount...
The AUD/USD pair fell on Thursday after initially trying to test the 0.75 level. We found enough resistance there to turn around and fall towards the 0.7450 level, which is the bottom of the support “zone.” If...
AUDUSD’s downward movement extended to as low as 0.7381. Further decline could be expected, and next target would be at 0.7200 area. Resistance is at 0.7480, only break above this level could signal completion of the downtrend.
The AUD/USD pair fell during the day on Wednesday, breaking through the 0.75 handle. I think that the support extends all the way down to the 0.7450 level though, so having said that it’s likely that the...
AUDUSD continued its downward movement from 0.7778 and the fall extended to as low as 0.7460. Further decline is still possible after a minor consolidation, and next target would be at 0.7300 area. Resistance levels are at...
AUDUSD’s downward movement from 0.7778 extended to as low as 0.7511. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Resistance is at 0.7620, only break above this level...
