AUDUSD is starting to trend lower, forming a descending channel pattern on its 4-hour time frame. Price is currently testing the resistance near the .7650 minor psychological level and could be due to resume its drop to...
AUDUSD is testing the support of the price channel on 4-hour chart. A clear break below the channel support will indicate that the upward movement from 0.7441 had completed at 0.7674 already, then the following downward movement...
AUDUSD is in downtrend from 0.7755, the rise from 0.7441 is likely consolidation of the downtrend. Another fall could be expected, and next target would be at 0.6900 zone. Resistance is at 0.7755, only break above this...
The AUD/USD pair fell slightly during the course of the session on Friday, breaking the bottom of the shooting star from Thursday. This of course is a fairly negative sign, and as a result I think that...
The Australian dollar initially rallied during the day on Thursday, but turned around to form a bit of a shooting star. The shooting star is very interesting candle for me, because it shows that the highs are...
AUDUSD continued its upward movement from 0.7441, and the rise extended to as high as 0.7674. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the...
AUDUSD’s upward movement from 0.7441 extended to as high as 0.7581. Further rise could be expected in a couple of days, and next target would be at 0.7650 area. Support level is at 0.7490, only break below...
The AUD/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around to form a bit of a shooting star. With that being the case, the market looks as if...
The AUD/USD pair rose during the course of the session on Monday, breaking above the 0.75 level. The 0.7550 level is an area that has seen a bit of resistance previously, so if we can break above...
AUDUSD broke above 0.7567 resistance, indicating that the downward movement from 0.7731 had completed at 0.7441 already. Further rally would likely be seen over the next several days, and the target would be at 0.7650 area. Support...
