AUD/USD: NFP Straddle Setup (January 10, 2014)
AUD/USD is testing a major support level, as seen on its daily time frame. The pair has previously bounced off the .8850 to .8900 area in the past but has formed a bearish flag right on that...
Tag: AUDUSD
AUD/USD Forecast January 10, 2014, Technical Analysis
The AUD/USD pair fell during the bulk of the session on Thursday, but as you can see found the 0.89 level supportive enough to form a hammer. It is this pair that could be greatly influenced by...
AUDUSD Daily Analysis – January 10, 2014
AUDUSD moved sideways in a range between 0.8820 and 0.9004 for several days. The price action in the range is likely consolidation of the downtrend from 0.9756 (Oct 23, 2013 high). One more rise to 0.9040 area...
AUD/USD Forecast January 9, 2014, Technical Analysis
The AUD/USD pair try to rally during the session on Wednesday, but as you can see fell after doing so. The resulting candle is a shooting star, and this of course suggests that the market is going...
AUDUSD Daily Analysis – January 9, 2014
AUDUSD remains in downtrend from 0.9756 (Oct 23, 2013 high), the price action from 0.8820 is likely consolidation of the downtrend. One more rise to 0.9040 area to complete the consolidation is possible in a couple of...
AUD/USD Forecast January 8, 2014, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, showing significant resistance near the 0.90 handle. That being the case, the market looks like it’s going to struggle in that general vicinity, and as a result we...
AUDUSD Daily Analysis – January 8, 2014
AUDUSD is in consolidation of the downtrend from 0.9756 (Oct 23, 2013 high), one more rise to 0.9040 area to complete the consolidation would likely be seen. On the downside, as long as 0.9040 resistance holds, the...
AUD/USD Forecast January 7, 2014, Technical Analysis
The AUD/USD pair went back and forth during the session on Monday, ultimately settling nothing. This market continues to look like there is a little bit of support below, but ultimately we believe that the market suggests that the...
AUDUSD Daily Analysis – January 7, 2014
AUDUSD remains in downtrend from 0.9756 (Oct 23, 2013 high), the rise from 0.8820 is likely consolidation of the downtrend. Resistance is at 0.9040, as long as this level holds, the downtrend could be expected to resume,...
AUDUSD Daily Analysis – January 6, 2014
AUDUSD broke above the upper line of the price channel on 4-hour chart. However, the rise from 0.8820 is likely consolidation of the downtrend from 0.9756 (Oct 23, 2013 high). Resistance is now at 0.9040, as long...