AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend from 0.7755. Further decline...
AUDUSD stays below the downward trend line on 4-hour chart and remains in downtrend from 0.7755. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend. Further...
The Australian dollar initially rallied during the course of the day on Friday, but turned right back around to form a bit of a shooting star. This suggests that we may drop from here but I also...
AUDUSD broke below the upward trend line on daily chart, indicating that the upward movement from 0.7144 had completed at 0.7755 already. Further decline could be expected over the next several weeks, and the target would be...
The AUD/USD pair rose slightly during the course of the day on Thursday, breaking above the top of the candle from the Wednesday session. Ultimately, we could rally from here but I think there’s plenty of resistance...
The AUD/USD pair initially fell during the course of the day on Wednesday, but turn right back around to form a bit of a hammer. The hammer of course is a very bullish sign so if we...
AUDUSD continued its downward movement from 0.7755, and the fall extended to as low as 0.7500. Further decline is still possible over the next several days, and next target would be at 0.7250 area. Near term resistance...
The Australian dollar fell during the day on Tuesday, as we continue to see weakness. We are approaching the 0.75 level below. This is an area that has offered quite a bit of support and resistance in...
The AUD/USD pair initially fell during the course of the day on Monday, but turn right back around to form a bit of positive momentum. With this being the case, it will be interesting to see what...
AUDUSD recently broke below the bottom of a longer-term ascending channel visible on its daily and 4-hour chart. On the shorter-term time frames, it can be seen that the pair is moving inside a descending channel formation...
