No changed in our view, AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.7625 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the downtrend...
The AUD/USD pair fell on Friday, as we continue to consolidate overall. The market looks as if it is still going to be soft in general, and with this we are looking to sell sooner or later....
AUDUSD could be in for a strong long-term reversal, as price appears to be forming a double bottom pattern on its 4-hour chart. As you can see, price bounced a couple of times off the .7700 major...
The AUD/USD pair broke higher during the course of the session on Thursday, but found quite a bit of resistance at the 0.78 region. With that, we fell a bit, and it appears that the sellers are...
AUDUSD failed to break below 0.7625 support, and stayed in the trading range between 0.7625 and 0.7875, indicating that lengthier consolidation for the downtrend from 0.8294 is needed. Sideways movement would likely be seen over the next...
The AUD/USD pair fell during the course of the session on Wednesday, as the market continues to show weakness overall. The Australian dollar is one of the weakest currencies that we are trading right now, and as...
AUDUSD is facing 0.7625 support, a breakdown below this level will signal resumption of the downtrend from 0.8294, then next target would be at 0.7500 area. Resistance is at 0.7875, only break above this level could signal...
The AUD/USD pair fell during the course of the session on Tuesday, as we continue to meander around the 0.7750 handle. We believe that a move below that level though has this market selling off towards the...
AUDUSD is in consolidation of the downtrend from 0.8294. Range trading between 0.7625 and 0.7950 would likely be seen over the next several days. Resistance is at 0.7950, as long as this level holds, the downtrend could...
The AUD/USD pair gapped lower at the open on Monday, but then turned back around to rally and form a bit of a shooting star as some of the gains were given back. Ultimately, we feel that...
