AUDUSD previously broke past the resistance at the .7850 minor psychological level and climbed close to the .8100 major psychological level. From there, the pair retreated to the Fibonacci retracement levels drawn on the latest swing high...
AUDUSD broke above 0.7938 resistance, indicating that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.7532 already. The pair is now in uptrend, further rise could be expected over the next several weeks, and...
The AUD/USD pair broke down during the session again on Friday, but did find a little bit of support towards the end of the day. The 0.7850 level looks to be somewhat supportive, but ultimately we think...
The AUD/USD pair fell hard during the course of the session on Thursday, breaking the bottom of the shooting star that had formed on Wednesday. This was the perfect place to see this type of candle stick,...
The AUD/USD pair initially went much higher during the course of the day on Wednesday, but pullback to form a shooting star. By doing so, it looks as if the market is ready to go lower, and...
The AUD/USD pair broke much higher during the course of the session on Tuesday, slicing through the 0.80 handle. Because of this, if we can break of the top of the range for the session, we would...
The AUD/USD pair initially fell during the day on Monday, but found enough buyers to turn things back around and go much higher. However, there is a significant amount of resistance between current levels and the 0.80...
AUDUSD is once again testing the neckline of the complex double bottom pattern on its 4-hour time frame. A break past the resistance around the .7900 major psychological level could confirm the potential reversal, which might last...
AUDUSD continued its sideways movement in a range between 0.7532 and 0.7938. Resistance is at 0.7938, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from...
The AUD/USD pair went higher during the course of the day on Friday, but as you can see struggled at the 0.7850 region yet again. Ultimately, this is a pair that looks like it’s trying to break...
