The AUD/USD pair broke higher during the course of the session on Thursday, testing the 61.8% Fibonacci retracement level. This is a market that still remains underneath the previous uptrend line, and the fact that we did...
The AUD/USD pair rose during the day on Wednesday, breaking above the recent highs that we’ve seen hold as resistance. Ultimately though, we are still sellers as the 50% Fibonacci retracement level offered quite a bit of...
The AUD/USD pair initially dipped lower yet again, but turned back around to form a massively positive candle. Having said that, the market is testing the previous resistance, so it is not time to start buying by...
The AUD/USD pair fell slightly during the course of the day on Monday as we continue to see a lot of interest in the market at the 0.70 level. This area also features the 38.2% Fibonacci retracement...
AUDUSD recently broke below a rising trend line support visible on the 4-hour time frame, indicating that a downtrend is starting. Price found support at the .6825 area and is showing signs of a correction. Using the...
AUDUSD remains in downtrend from 0.7385, the rise from 0.6826 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation and next target would be at 0.6500 area. Near term resistance is...
The AUD/USD pair initially rallied during the course of the session on Friday but turned back around and form a perfect shooting star. On top of that, it is right at the 0.70 level, so it is...
The AUD/USD pair initially fell during the open on Thursday, but then rallied to test the 0.70 level. We still think there is more than enough resistance above to keep this market down though, so we don’t...
The AUD/USD pair fell during the day on Wednesday, but bounced off of the lows again, and therefore ended up forming a hammer. The hammer of course is a bullish sign, and as a result we could...
The AUD/USD pair rose during the course of the day on Tuesday, but sees quite a bit of a resistance barrier above, and extending all the way to the 0.71 level. Because of this, we are simply...
