AUDUSD broke above 0.8826 resistance, indicating that the downtrend from 0.9401 had completed at 0.8642 already. Further rally would likely be seen in a couple of days, and the target would be at 0.8900 – 0.8950 area....
The AUD/USD pair broke higher during the course of the day on Monday, testing the 0.88 handle for resistance. With that, the market appears to be consolidating in this general vicinity, and we would have quite a...
AUDUSD moved sideways in a trading range between 0.8642 and 0.8826. Resistance is at 0.8826, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend, another fall...
After consolidation, AUDUSD continued its downward movement from 0.9401, and the fall extended to as low as 0.8642. Further decline is still possible, and next target would be at 0.8400 area. Key resistance is now at 0.8826,...
AUDUSD broke below 0.8660 (Jan 24 low) support. Further decline would likely be seen, and next target would be at 0.8200 area. Resistance is at 0.8830, only break above this level will indicate that consolidation of the...
The AUD/USD pair fell hard during the course of the day on Friday, testing the 0.8650 level. That level opens the door to fall the way down to the 0.85 level, and we think that in fact...
AUDUSD’s rise from 0.8663 extended to as high as 0.8826. Further rise would likely be seen and the target would be at 1.8900 area. Support levels are at 0.8720 and 0.8663, only break below these levels could...
The AUD/USD pair rose during the course of the day on Wednesday, showing that the market is ready to continue consolidating in this area. We see the 0.88 level above as being resistive, so we feel that...
AUDUSD broke above the resistance of the downward trend line on 4-hour chart, indicating that the downtrend from 0.9401 had completed at 0.8663 already, range trading between 0.8663 and 1.8870 would likely be seen over the next...
The AUD/USD pair initially fell during the course of the day on Tuesday, but found enough support below to turn things back around and form a hammer. The hammer of course is a positive sign, and as...
