The AUD/USD pair initially fell during the session on Monday, but as you can see bounced enough to form a hammer. The biggest problem with this hammer though is the fact that it’s just below the 0.90...
AUDUSD’s upward movement from 0.8660 extended to as high as 0.8998. Further rise to test 0.9085 resistance is still possible, as long as this level holds, the price action from 0.8820 (Dec 18, 2013 low) could be...
AUDUSD broke above the upper line of the price channel on daily chart, suggesting that the downward movement from 0.9756 had completed at 0.8660 already. Further rally would likely be seen over the next several weeks, and...
The AUD/USD pair try to rally during the session on Friday, but as you can see the 0.90 level offered far too much in the way of resistance. Although we did form a relatively weak looking candle,...
AUDUSD remains in uptrend from 0.8660. Further rise could be expected after a minor consolidation, and next target would be at 0.9040 area. Key resistance is at 0.9085, as long as this level holds, the price action...
The AUD/USD pair try to rally during the session on Thursday, but as you can see found enough resistance just below the 0.90 level to pull back and form a hammer. This hammer is formed at the...
The AUD/USD pair went back and forth during the session on Wednesday, printing a neutral candle just above the 0.89 handle. That being the case, it appears the market is going to try and go higher, simply...
AUDUSD’s upward movement from 0.8660 extended to as high as 0.8979. Further rise to test 0.9085 resistance could be expected, a break above this level will signal completion of the longer term downtrend from 0.9756 (Oct 23,...
AUDUSD broke above 0.8887 resistance, suggesting that he downward movement from 0.9085 had completed at 0.8660 already. Further rally could be expected, and next target would be at 0.9000 area. Key resistance is at 0.9085, as long...
The AUD/USD pair rose during the session on Tuesday, blowing through the 0.88 handle like it wasn’t even there. However, we still see significant resistance up to the 0.90 handle, and this move was more or less...
