AUDUSD continued its downward movement from 0.7710 and the fall extended to as low as 0.7532. Resistance is now at 0.7628, as long as this level holds, the downtrend could be expected to continue, and next target...
The AUD/USD pair went back and forth on Monday, showing quite a bit of volatility as the market really doesn’t have much in the way of directionality at this point. I do think that eventually we have...
AUDUSD’s downward movement from 0.7710 extended to as low as 0.7552. Further decline is still possible in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7660, only break above this...
AUDUSD failed to break above 0.7755 resistance, and stayed in the trading range between 0.7441 and 0.7755. Sideways movement in the range could be seen in a couple of weeks. Support is at 0.7441, a breakdown below...
The AUD/USD pair initially tried to rally during the course of the session on Friday, but turned around to form a shooting star. I believe that sooner or later we are going to reach down to the...
The AUD/USD pair broke down during the course of the day on Thursday, showing real signs of weakness. Because of this, I think we will more than likely continue to grind a little bit lower, reaching towards...
The AUD/USD pair went back and forth during the course of the session on Wednesday, forming a relatively neutral candle. I think that the market will continue to go back and forth in the larger consolidation area,...
AUDUSD is facing 0.7589 support, a breakdown below this level will indicate that the uptrend from 0.7441 had completed at 0.7710 already, then the following downward movement could bring price to 0.7300 zone. On the upside, as...
The Australian dollar fell during the day on Tuesday, as we continue to consolidate around the 0.7650 region. At this point in time, I very comfortable sitting on the sidelines as I don’t think there’s much of...
The AUD/USD pair broke higher during the course of the session on Monday, but gave back more than half of the gains from the early part of the session. With this being the case, the market looks...
