The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support to turn things back around to form a hammer. The hammer of course suggests that the market should continue to...
AUDUSD has been moving higher in the past few days but it could be a large correction from the longer-term downtrend. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 61.8%...
The AUD/USD pair broke higher during the course of the day on Monday, clearing the top of the shooting star from Friday. Because of this, it appears that the market may be able to go higher, but...
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.8162. As long as the trend line resistance holds, the bounce from 0.6907 could be treated as consolidation of the downtrend, and...
The AUD/USD pair initially fell during the day on Friday, but found enough support to turn things back around and form a hammer. We believe that a break above the top the hammer probably sends this market...
The AUD/USD pair bounced off of the 0.70 level, as we continue to find quite a bit of consolidation and perhaps support in this general vicinity. However, if we rally in the meantime, we think that is...
The AUD/USD pair fell during the course of the day on Wednesday, as the area above the 0.70 level continues offer resistance. We are not surprised in this move, and we believe that a move back below...
The AUD/USD pair broke higher during the course of the day on Tuesday, clearing the 0.70 level at one point. Because of this, we did get a bit of a bounce, and that is what we have...
The AUD/USD pair went back and forth during the day on Monday, eventually doing nothing. That being the case it looks as if the 0.70 level is still keeping the market down, but you also have to...
AUDUSD’s downward movement from 0.8162 extended to as low as 0.6906. Further decline could be seen over the next several weeks, and next target would be at 0.6500 area. Resistance is located at the downward trend line...
