AUDUSD’s downward movement from 0.9504 (Jul 1, 2014 high) extended to as low as 0.7719. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is located at the...
The AUD/USD pair initially fell during the day on Friday, but found a bit of support to turn things back around and form a hammer. This hammer is not reason to start buying now, but rather suggests...
The AUD/USD pair continued to fall during the session on Thursday, as we have now significantly broken below the 0.80 handle. We believe that this market will then head to the 0.75 handle, and that rallies going...
AUDUSD’s downward movement from 0.8294 extended to as low as 0.7719. Resistance is now at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue,...
The AUD/USD pair continues to hang about the 0.80 handle, as the market suggests that the Australian dollar will more than likely continue to soften. With that, we feel that the market can be sold on resistive...
AUDUSD is facing 0.7857 support, a breakdown below this level will indicate that the downtrend from 0.8294 has resumed, then next target would be at 0.7700 area. On the other side, as long as 0.7857 support holds,...
The AUD/USD pair tried to break higher during the course of the session on Tuesday, but as you can see struggled at the 0.80 level. That area was once massive support, and the fact that we have...
AUDUSD has previously made a strong break below support at the .8100 major psychological level and dipped below .7900 at the start of this trading week. Price appears to be making a pullback to the area of...
AUDUSD broke above 0.8000 resistance, indicating that lengthier consolidation of the downtrend from 0.8294 is underway. Range trading between 0.7857 and 0.8100 would likely be seen over the next several days.
The AUD/USD pair broke higher during the course of the session on Monday after initially gapping lower, but still has to deal with the 0.80 level above, which was once massively supportive. With that being the case,...
