AUDUSD’s downward movement from 0.7834 extended to as low as 0.7253. Near term resistance is at 0.7450, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7000...
AUD/USD pair broke down during the day on Friday, clearing the 0.73 level to the downside. By doing so, it looks as if we can break down from here but it is going to be a grind...
The AUD/USD pair fell initially during the course of the session on Wednesday, but turned right back around to form a hammer. A break above the top of the hammer would be a buying opportunity and the...
AUDUSD recently broke above a double bottom neckline, signaling that a long-term uptrend might take place. Price reached a high of .7830 before showing signs of a correction. Applying the Fibonacci retracement tool on the latest swing...
The AUD/USD pair fell rather significantly during the day on Monday, as we continue to see a selloff against the Australian currency. The 0.73 level below is a large, round, psychologically significant number, but more importantly it...
The AUD/USD pair initially fell during the course of the session on Friday, but turn right back around to form a hammer. Quite frankly, this is a market that has sold off rather drastically after the Reserve...
AUDUSD has been selling off in the past weeks but is currently finding support at the 50% Fibonacci retracement level on the 4-hour time frame. This lines up with an area of interest or former resistance around...
AUDUSD broke below 0.7450 support, indicating that the upward movement from 0.6826 had completed at 0.7834 already. Further decline could be expected over the next several weeks, and next target would be at 0.7000 area.
The AUD/USD pair fell during the course of the session on Thursday, as we test the support down between the 0.75 level and the 0.74 handle. Ultimately, this is a market that will be very sensitive to...
The AUD/USD pair initially tried to rally during the day on Wednesday but found the area above the 0.75 level to be a little bit too rich. By doing so, we ended up turning a bit negative...
