AUDUSD’s downward movement from 0.7912 extended to as low as 0.7690. Further decline to test 0.7625 support is possible, a breakdown below this level will signal resumption of the longer term downtrend from 0.9504 (Jul 1, 2014...
AUDUSD failed to break above the downward trend line on daily chart, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the bounce from 0.7625 could be treated as consolidation of the...
The AUD/USD pair fell during the course of the session on Thursday, as we continue to see sideways consolidation overall. With that being the case, we recognize that the 0.77 level below is massively supportive. If we...
No changed in our view, AUDUSD remains in downtrend from 0.7912. Further decline to test 0.7625 support could be expected, a breakdown below this level will confirm that the downtrend from 0.8294 (Jan 15 high) has resumed,...
The AUD/USD pair initially tried to break out to the upside on Wednesday, but turned back around to form a shooting star. Looking at this market, you can see that the market continues to go sideways overall....
AUDUSD remains in downtrend from 0.7912, the rise from 0.7750 is likely correction of the downtrend. Further decline could be expected, and next target would be at 0.7650 area. Resistance is at 0.7912, only break above this...
The AUD/USD pair went back and forth on Tuesday, essentially establishing nothing. The market right now looks a lot like “dead money”, and as a result we are more than willing to step aside. We believe that...
AUDUSD is now in downtrend from 0.7912. Further decline to test 0.7625 support could be expected, a breakdown below this level will confirm that the downtrend from 0.8294 (Jan 15 high) has resumed. Then the following downward...
The AUD/USD pair went back and forth during the session on Monday, essentially doing nothing. Because of this, we feel that the AUD/USD pair is essentially one that we aren’t interested in, but do recognize that if...
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the downtrend from 0.8294 (Jan 15 high) has resumed. Further decline could be expected, and next target would be at 0.7650 area. Resistance is at...
