The AUD/USD pair as you can see initially fell during the course of the session on Wednesday, but found enough support to turn things back around and form a hammer. We are just above the 0.80 level,...
AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame. A double bottom formation can be seen after the pair failed in its past two attempts to break below...
AUDUSD remains in downtrend from 0.8795 (Nov 17, 2014 high), the price action in the trading range between 0.8035 and 0.8214 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and...
The AUD/USD pair initially tried to rally during the session on Tuesday, but as you can see struggled and ended up forming a shooting star. We are right at resistance anyway, so would not surprise us at...
AUDUSD continued its sideways movement in a range between 0.8035 and 0.8214. As long as 0.8214 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.8795 (Nov 17, 2014...
The AUD/USD pair broke down a little bit at the beginning of the session on Monday, and then turned back around to close near the 0.81 handle. With that being the case, looks as if the market...
AUDUSD has been trading in a steady downtrend in the past few months, with a falling trend line connecting the latest highs on the 1-hour time frame. The pair previously bounced off its lows and is showing...
AUDUSD moved sideways in a trading range between 0.8035 and 0.8214. Resistance is at 0.8214, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.8795...
After consolidation, AUDUSD continued its downward movement from 0.8795 (Nov 17, 2014 high), and the fall extended to as low as 0.8052. Key resistance is now at 0.8214, as long as this level holds, the downtrend could...
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504 (Jul 1, 2014 high). As long as the trend line resistance holds, the downtrend could be expected to continue, and next...
