AUDUSD is testing that support of the upward trend line on 4-hour chart. A breakdown below the trend line support will indicate that the downtrend from 0.8294 (Jan 15 high) has resumed, then the following downward movement...
AUDUSD is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the bounce from 0.7625 could be treated as consolidation of the downtrend from 0.9504 (Jul 1,...
The AUD/USD pair tried to break higher during the course of the session on Friday, but as you can see could not hang onto the gains above the 0.78 level. By doing so, it formed a shooting...
The AUD/USD pair broke higher during the course of the session on Thursday, testing the 0.79 handle. We did up falling from there though, and forming a relatively significant bearish candle. With that, the market looks as...
AUDUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will signal resumption of the downtrend from 0.8294 (Jan 15 high), then the following downward movement...
The AUD/USD pair did nothing during the session on Wednesday, as we continue to hang just below the 0.79 level. With that being the case, the market has a significant amount resistance all the way to the...
AUDUSD broke above 0.7875 resistance, indicating that lengthier consolidation of the downtrend from 0.8294 is underway. Further rise could be expected, and the target would be at 0.8000 area. On the downside, a clear break below the...
The AUD/USD pair fell during the course of the day on Monday, dropping below the 0.78 level at one point during the day. It now appears that we could drop from here and head back towards the...
AUDUSD failed to break above 0.7875 resistance, and stayed in the trading range between 0.7625 and 0.7875. Another fall to test 0.7625 support would likely be seen, a breakdown below this level will signal resumption of the...
AUDUSD is facing 0.7875 resistance, as long as this level holds, the price action in the trading range between 0.7625 and 0.7875 could be treated as consolidation of the downtrend from 0.8294 (Jan 15 high), another fall...
