The AUD/USD pair initially tried to rally during the day on Tuesday, but turn right back around form a bit of a shooting star. The shooting star of course is likely a sign that we have reached...
AUDUSD’s upward movement from 0.7506 extended to as high as 0.7690. Further rise is still possible after a minor consolidation, and next target would be at 0.7750 area. Support is at 0.7640, only break below this level...
The AUD/USD pair broke higher during the course of the day on Monday, testing the massive support above the 0.7650 level. If we can break above there, it’s likely that we will continue to grind our way...
AUDUSD broke above the channel resistance, indicating that the downward movement from 0.7710 had completed at 0.7506 already. The pair is now in uptrend from 0.7506, the fall from 0.7647 would possibly be correction of the uptrend....
AUDUSD moved sideways in a range between 0.7441 and 0.7755. As long as 0.7441 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000 area is still...
The AUD/USD pair broke higher during the course of the day on Friday, clearing the top of the hammer from the Thursday session. That being the case, the market looks as if it is going to go...
The Australian dollar fell significantly during the day on Thursday, reaching down towards the 0.75 level below, which of course is a fairly supportive and large number for the market to deal with. Ultimately, we ended up...
AUDUSD remains in downtrend from 0.7710, the rise from 0.7506 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the...
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.7710. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is...
The AUD/USD pair broke down below the bottom of the shooting star from the Monday session during the Tuesday trading hours. It looks as if we are going to reach down to the 0.75 level below, and...
