The AUD/USD pair went back and forth during the session on Monday, essentially settling nothing. Because of this, we really don’t have much of a trade set up in this marketplace right now, but we do recognize...
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461. As long as the channel resistance holds, the downtrend could be expected to continue, and the target would be at 0.9250...
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9314. Deeper decline is still possible, and the target would be at 0.9250 area. Resistance is located at the upper line of the price channel on 4-hour...
AUDUSD remains in uptrend from 0.8660, the fall from 0.9461 is likely consolidation of the uptrend. Support is at the lower line of the price channel on daily chart. As long as the channel support holds, the...
The AUD/USD pair Daedalus nothing during the session on Friday as it was of course a holiday. Because of this, we feel that the market really hasn’t changed of the last 24 hours and that we will...
AUDUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 0.8924 had completed at 0.9461 already. Range trading between 0.9250 and 0.9461 would likely be seen over the next several...
The AUD/USD pair fell during the session on Thursday, but remains above the massive support area at 0.9250, and as a result we are not interested in selling. We believe that a supportive candle below could be...
The AUD/USD pair tried to rally during the session on Wednesday, but as you can see pulled back enough to form a shooting star. This shooting star suggests that the market is ready to continue falling, but...
Being contained by the lower line of the price channel on 4-hour chart, AUDUSD rebounded from 0.9331, indicating that the pair remains in uptrend from 0.8924, the fall from 0.9461 could be treated as consolidation of the...
There have been quite a few economic reports released over the past three trading days which painted an economic picture in China which is not reflected in many asset prices. Despite lackluster economic data traders have for...
