AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Another fall could be expected after correction and next target would be at 0.6900. Support level is at 0.7250, a breakdown...
The AUD/USD pair initially fell during the course of the day on Thursday, but turned back around to form a hammer. Ultimately, I believe that the 0.75 level above is resistive as well, so with all the...
The Australian dollar initially bounced against the US dollar during the day on Tuesday, but gave back most the gains in order to form a bit of a shooting star. This is obviously a very negative sign,...
The AUD/USD pair gapped lower at the open on Monday, and then broke down. This makes a lot of sense, because quite frankly the Australian dollar is highly leveraged to risk appetite, and as a result it...
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest. It held as support in the...
No changed in our view, AUDUSD remains in downtrend from 0.7834, the bounce from 0.7144 could be treated as correction of the downtrend. Further decline could be expected after correction, and next target would be at 0.6900...
The AUD/USD pair fell rather hard during the day on Friday as the vote result to “leave” the European Union came out of the United Kingdom. We did get a significant bounce though, and ended up forming...
The AUD/USD pair broke higher during the course of the day on Thursday, breaking out above a resistance barrier at the 0.75 level. Having said that, we have cleared the top of the consolidation area that we...
The AUD/USD pair rose during the course of the session on Wednesday, breaking out to a fresh, new high. However, we are still fighting more of a grind than anything else. Ultimately, this is the market to...
The AUD/USD pair initially tried to rally during the course of the session on Tuesday, but struggled at the 0.75 level ended up turning things back around and form a shooting star in order to show signs...
