The AUD/USD pair shot higher during the session on Wednesday, breaking back above the 0.88 level. The Australian dollar has been beat up rather significantly, so this bounce of course would have been expected at one point...
AUDUSD’s rise from 0.8756 extended to as high as 0.8887. As long as 0.8920 resistance holds, the rise could be treated as consolidation of the downtrend from 0.9085, one more fall towards 0.8500 is still possible after...
The AUD/USD pair went back and forth on Tuesday, hovering around the 0.88 level. This is an area that has been very important for the Australian dollar, and as we have formed a neutral candle, we suspect...
AUDUSD remains in downtrend from 0.9085, the rise from 0.8756 is likely consolidation of the downtrend. Resistance is at 0.8920, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
The AUD/USD pair rose during the session on Monday, but as you can see found the 0.88 level as resistance. This makes sense to us, as it was previous support, and thereby has been “retested.” Because of...
An oversold market, thin trading conditions and good economic data from China helped drive the AUD/USD higher on Monday. With the U.S. on bank holiday, the major players were out of the market, allowing counter-trend buyers to...
AUDUSD’s downward movement from 0.9085 extended to as low as 0.8756. Resistance is at 0.8850, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.8600 area. Only...
After consolidation, AUDUSD broke below 0.8820 support, and continued its downward movement from 0.9756. Further decline could be expected, and next target would be at 0.8500 area. Key resistance is now at 0.9085, only break above this...
The AUD/USD pair fell hard during the session on Friday, clearing the 0.88 handle with the ease. Because of this, the market looks like it’s going to serve falling apart again, and therefore we feel that this...
The AUD/USD pair fell hard during the session on Thursday, and at one point in time actually broke below the 0.88 level. However, towards the end of the day we saw enough support in this market to...
