The AUD/USD pair fell during the session on Tuesday, breaking down to the 0.9350 level. However, we feel that the market could drop a little bit from here, probably to the 0.93 handle first, and then possibly...
AUDUSD is facing the support of the price channel on 4-hour chart. As long as the channel support holds, the fall from 0.9461 could be treated as consolidation of the uptrend from 0.8924, one more rise to...
The AUD/USD pair rose during the session on Monday, continuing to show strength as we are above the 0.94 handle. We still believe that the 0.95 level is in fact going to be the target, but at...
AUDUSD moved sideways in a narrow range between 0.9362 and 0.9461. Key support is located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the price action from...
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8924, the fall from 0.9461 is likely consolidation of the uptrend. Support is located at the lower line of the channel, as...
AUDUSD’s upward movement from 0.8660 extended to as high as 0.9461. Further rise would likely be seen after a minor consolidation, and the target would be at 0.9600 area. Key support is located at the upward trend...
The AUD/USD pair went back and forth during the session on Friday, forming a fairly neutral candle. Having said that, the market is rather bullish overall that we think that a pullback could be coming. After the...
AUD/USD made a strong rally yesterday thanks to upbeat jobs data, but it was unable to sustain its rally when Chinese CPI came in weaker than expected today. The pair topped around the .9450 minor psychological...
Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 0.9461, suggesting that consolidation of the uptrend from 0.8924 is underway. Deeper decline would likely be seen, and the target...
The AUD/USD pair rose during the session on Thursday, touching the 0.9450 level at one point during the day, but pulling back enough to form a shooting star. The shooting star suggests that we are in fact...
