AUDUSD has been in a strong downtrend lately but it looks like the bearish momentum is fading. Price formed higher lows on the 4-hour chart while stochastic made lower lows, creating a bullish divergence. Stochastic has yet...
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.6907 is likely consolidation of the downtrend. Range trading between 0.6907 and 0.7439 could be seen over the next several weeks. Key resistance is...
The AUD/USD pair initially tried to rally during the course of the week but as you can see struggled. With this, we feel that the market will continue to bounce around the 0.70 level, an area that...
The AUD/USD pair initially fell during the course of the session on Thursday, breaking well below the 0.70 level. However, we found more than enough support just below to turn things back around and form a hammer....
The AUD/USD pair initially tried to rally during the course of the day on Wednesday, but turned back around near the 0.71 level in order to fall significantly and form a bit of a shooting star. Because...
The AUD/USD pair had a negative session during the day on Tuesday, as we continue to see downward pressure against the Australian dollar. After all, there’s a lot of concerns out there that can weigh upon a...
The AUD/USD pair fell during the course of the day on Monday, rolling over from a shooting star previously. With this, the market should continue to drift lower, perhaps heading down to the 0.70 level, and then...
AUDUSD broke above the downward trend line on daily chart, indicating that consolidation for the downtrend from 0.9504 (Jul 1, 2014 high) is underway. Range trading between 0.6907 and 0.7439 would likely be seen over the next...
The AUD/USD pair initially tried to rally during the session on Friday, just as it did on Thursday. However, the market has struggled to keep gains recently in the Australian dollar, as the markets are focusing on...
The AUD/USD pair broke higher during the course of the day on Wednesday, clearing the top of the hammer that had formed on Tuesday. This suggests that the Australian dollar is going to go higher, and the...
