AUDUSD’s downward movement from 0.8162 extended to as low as 0.7371. Further decline is still possible after a minor consolidation, and next target would be at 0.7000 area. Resistance is now at 0.7600, only break above this...
The AUD/USD pair fell during the course of the day on Friday, showing the 0.75 level as being too resistive. Because of this, we feel that the market should continue to go lower, and every time we...
AUDUSD bounced off its recent lows as risk appetite returned to the markets in the past few trading sessions. The pair looks ready to retrace to the broken support at the .7600 major psychological level, which lines...
The AUD/USD pair went back and forth during the course of the day on Thursday, as the 0.75 level offered resistance. Because of this, we feel that the market will eventually break down, but we could get...
The AUD/USD pair initially fell during the day on Wednesday, but then turned back around to form a bit of a hammer. This hammer of course suggests that we are going to see a bounce from this...
The AUD/USD pair initially fell during the course of the session on Tuesday, testing the 0.74 level. That area caused quite a bit of a bounce, and as a result it looks like we are going to...
The AUD/USD pair initially tried to rally during the course of the day on Monday, but found enough resistance above the 0.75 level to turn things back around and form a shooting star. The shooting star of...
AUDUSD broke below 0.7532 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be seen after a minor consolidation, and next target would be at 0.7000 area. Resistance...
The AUD/USD pair fell during the course of the session on Friday, testing the 0.75 handle. This is an area that is supportive based upon the large, round, psychologically significant number, and of course an area that...
The AUD/USD pair initially fell during the course of the day on Thursday, but found enough support near the 0.76 handle again to turn things back around and form a hammer. This hammer tells us that the...
