Economic data released out of Japan and China pointed towards an economy much slower than current market prices as well as currency crosses suggested. Forex traders have been slow to react to the economic disappointments which mean...
AUDUSD remains in uptrend from 0.9205, and the rise extended to as high as 0.9439. Further rise could be expected and next target would be at 0.9500 area. Support is at 0.9370, only break below this level...
The AUD/USD pair rose during the session on Wednesday, finding enough strength to break out above the highs from the previous session which of course was a breakout candle to begin with. Because of that, we feel...
AUDUSD’s upward movement from 0.8924 extended to as high as 0.9385. Support is located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected...
The AUD/USD pair broke higher during the session on Tuesday, finally breaking out above the 0.93 handle. Because of this, it appears that the market is ready to head back to the 0.95 handle, which of course...
After touching 0.9303 resistance, AUDUSD pulled back from 0.9306, suggesting that lengthier sideways movement is underway. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 0.9205,...
The AUD/USD pair fell during the session on Monday, but found the 0.9250 level supportive enough to keep the market afloat. Because of this, we feel that this market is ready to continue going higher, not to...
AUDUSD broke above 0.9303 resistance, suggesting that the uptrend from 0.8924 has resumed. Further rise could be expected, and next target would be at 0.9400 area. Support is at 0.9205, only break below this level could signal...
The AUD/USD pair rose during the session on Friday, breaking above the 0.9250 handle. Because of this, it appears the market is in fact going to try and go higher, so a break of the highs for...
AUDUSD stays above the upward trend line on daily chart, and remains in uptrend from 0.8660, and the rise extended to as high as 0.9306. The uptrend could be expected to continue in a couple of weeks,...
