AUDUSD remains in downtrend from 0.9085, the rise from 0.8776 could be treated as consolidation of the downtrend. Resistance is at 0.8850, followed by 0.8915, only break above these levels could signal completion of the downtrend.
AUDUSD breaks below 0.8820 support, indicating that the downtrend from 0.9756 (Oct 23, 2013 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.8700 area. Resistance is at...
The AUD/USD pair fell during the session on Wednesday, testing the 0.89 level for support. That area of course offered support, and therefore we bounce slightly from it. However, we believe that the market will continue to...
The AUD/USD pair fell hard during the session on Tuesday, breaking back below the 0.90 handle. We had suggested that the breakout above that level might have been a bit of a “false breakout”, so this move...
AUDUSD broke below 0.8940 support, suggesting that the upward movement from 0.8820 had completed at 0.9085 already. Further decline to test 0.8820 support could be expected, a breakdown below this level will signal resumption of the longer...
The AUD/USD pair rose during the session on Monday, breaking above the 0.90 handle, which of course is impressive. However, we have stated recently that we are a bit leery of going long of this market until...
AUDUSD’s rise from 0.8820 is likely consolidation of the downtrend from 0.9756 (Oct 23, 2013 high). Further rise to 0.9200 area to complete the consolidation is possible. Support levels are at 0.8940 and 0.8820, only break below...
AUDUSD’s rise from 0.8820 extends to as high as 0.9033. Further rise would likely be seen, and next target would be at 0.9100 area. Support levels are at 0.8900 and 0.8820, only break below these levels could...
AUDUSD broke above the downward trend line on daily chart, suggesting that consolidation of the downtrend from 0.9756 is underway. Further rally could be expected in a couple of weeks, and the target would be at 0.9200...
The AUD/USD pair shot straight up during the session on Friday as the nonfarm payroll numbers cannot weaker than anticipated. Because of this, the market seems to be suggesting that the Federal Reserve will be tapering anytime...
