The AUD/USD pair fell during most of the session on Wednesday, but bounce significantly off of the 0.91 handle, as we formed a massive hammer. That being the case, if we break the top of the hammer,...
AUDUSD remains in downtrend from 0.9401, the rise from 0.9112 is likely consolidation of the downtrend. Resistance is at 1.9250, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
The AUD/USD pair fell hard during the session on Tuesday, slamming into the 0.92 region. This is an area that has been massively supportive in the past, which is the bottom of a larger consolidation area. This...
AUDUSD broke below 0.9237 support, indicating that the downtrend from 0.9470 (Jul 24 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.9000 area. Resistance is at 0.9250,...
AUDUSD has been trading inside a rising channel on its 1-hour forex time frame for the past month, but it looks like a breakdown is happening. The pair is currently hovering around the channel bottom near the...
AUDUSD broke below 0.9315 support, indicating that the uptrend from 0.9237 had completed at 0.9401 already. Further decline to test 0.9237 support would likely be seen, a breakdown below this level will signal resumption of the downtrend...
AUDUSD’s upward movement from 0.9237 extended to as high as 0.9401. Further rise could be expected after a minor consolidation, and next target would be at 0.9450 area. Support is at 0.9315, only break below this level...
AUDUSD continued its sideways movement in a range between 0.9202 and 0.9504. The 0.9504 resistance would be tested next week, a break of this level will indicate that the uptrend from 0.8660 has resumed, then next target...
The AUD/USD pair broke higher during the course of the session on Friday, and even broke above the top of the shooting star from Thursday. That being the case, the market looks as if it is trying...
The AUD/USD pair tried to rally significantly during the session on Thursday but failed. The pullback ended up forming a shooting star, and as a result it looks like the market wants to stay within the consolidation...
