AUDUSD failed to break above 0.7439 resistance, and continued its sideways movement in a range between 0.6907 and 0.7439. Another fall to test 0.6907 support would likely be seen in a couple of weeks, and a breakdown...
The AUD/USD pair initially tried to rally, but then turned back around to form a rather negative candle. The 0.72 level below was tested, and as a result it appears that the market could eventually break down...
The AUD/USD pair rose slightly during the course of the day on Thursday, but turned back around to form a bit of a shooting star. We believe that the Australian dollar will continue to struggle, as evident...
AUDUSD recently made a strong downside break from its ascending trend line connecting the recent lows on the 4-hour time frame. This suggests that a reversal is in order, after price completes its pullback to the broken...
The AUD/USD pair went back and forth during the day on Wednesday, but pierced below the bottom of the hammer from Tuesday which of course is a fairly negative sign. Nonetheless, we are not sellers until we...
The AUD/USD pair fell during the day on Tuesday, but found enough support below to turn things around and form a candle that looks suspiciously like a hammer. With this being the case, I break above the...
The AUD/USD pair fell during the day on Monday, finally making a decision after forming several indecisive candles in a row. Because of this, we feel that the market is going to grind its way lower and...
AUDUSD is facing 0.7439 resistance again, a break of this level will indicate that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6907 already, then the following upward movement could bring price to 0.8000...
The AUD/USD pair went back and forth during the course of the day on Friday, testing the 0.74 level. We ultimately pulled back to form a bit of a neutral candle, but the range is getting wider...
The AUD/USD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar. We are approaching the 0.74 level though, and that is an area that...
