AUDUSD’s downward movement from 0.9461 extended to as low as 0.9252. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected...
AUDUSD is facing the support of the bottom of the price channel on daily chart. As long as the channel support holds, the fall from 0.9461 would possibly be consolidation of the uptrend from 0.8660, one more...
The AUD/USD pair went back and forth on Friday, settling on a very neutral candle. The market is sitting on top of 0.9250, which of course has been massively supportive. With that, we do not have much...
The AUD/USD pair fell during the session on Thursday, but found support at the all-important 0.9250 level again. We believe that this market will continue to find support in this range, and down to the 0.92 handle....
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.9250 level. That area is significant enough for us to start buying on a supportive candle, and as a result we...
AUD/USD has sold off because of the weak Australian CPI reading but this might merely spark a large correction for the pair’s ongoing uptrend. On the 4-hour time frame, a rising trend line can be drawn to...
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461. Resistance is located at the upper line of the channel, as long as the channel resistance holds, the downtrend could be...
The Australian Dollar, nicknamed the Aussie, dropped over 100 pips against major currency pairs during the Asian trading session which took plenty forex traders by surprise. The reason behind the drop came from two economic reports which...
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295. Further decline would likely be seen, and the target would be at 0.9250 area. Key resistance is now at 0.9380, only...
The AUD/USD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. That signifies that we are going higher in our opinion, and as a result we started buying...
