The AUD/USD pair fell during the day on Monday, as we continue to show signs of weakness in the Australian dollar. This is mainly because the Australian dollar is a bit of a proxy for Chinese markets...
AUDUSD suffered yet another sharp selloff towards the end of last week, breaking below a key support area around .6950-.7000. Price dipped to the .6800 levels before showing signs of a potential pullback to the broken support...
AUDUSD broke below 0.6907 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.6500 area. Near term resistance is at...
The AUD/USD pair fell during the course of the day on Friday, breaking the bottom of the shooting star that formed on Thursday. I doing so, we ended up forming a fresh, new low, which of course...
AUD/USD fell significantly during the course of the session on Wednesday, as the market continues to bounce around the 0.70 level. The market has broken down previously, and as a result it’s more than likely that the...
The AUD/USD pair went back and forth during the course of the session on Tuesday, as we continue to bounce around the 0.70 level. The Australian dollar is very soft, and gold markets look as if they...
AUDUSD is currently bouncing off the bottom of its long-term range visible on the daily time frame, partly supported by the pickup in risk sentiment and stronger than expected data in China. The pair has found support...
The AUD/USD pair initially tried to rally during the course of the session on Monday, but turned back around to form a massive shooting star. The shooting star of course is a negative sign, and as a...
AUDUSD is facing 0.6907 support, a breakdown below this level will indicate that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed, then the following downward movement could bring price to 0.6500 area. On...
The AUD/USD pair fell significantly during the course of the day on Friday, breaking below the bottom of the hammer from the Thursday session. This suggests that we are going to continue to go lower, and as...
