AUDUSD is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend from 0.9756 could be expected to resume, and another fall towards 0.8500 is still...
The AUD/USD pair rallied during the session on Friday, but found enough resistance of the 0.90 level in order to pull back and form a shooting star. This only reinforces the bearishness of this pair, and therefore...
The AUD/USD pair went back and forth during the very illiquid session on Thursday, essentially selling around the 0.89 handle. This ultimately confirmed in the consolidation area that we have been trading and, and has relegated this...
AUDUSD moved sideways in a narrow range between 0.8820 and 0.8957. As long as 0.8957 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9756 (Oct 23 high), another...
The AUD/USD pair tried to rally during the session on New Year’s Eve, but as you can see pullback in order to form a shooting star at the top of the reason consolidation area. It is because of this...
The AUD/USD pair rose during the session on Monday, bouncing off of the lows again. However, this market is simply showing a bit of a “dead cat bounce.” This is our opinion because of the fact that the liquidity...
AUDUSD failed to break below 0.8820 support, and stayed in a trading range between 0.8820 and 0.8957. Key resistance is at 0.8957, as long as this level holds, the price action in the range could be treated...
AUDUSD is facing 0.8820 previous low support, a breakdown below this level will signal resumption of the downtrend from 0.9756 (Oct 23 high), then next target would be at 0.8500 area. Key resistance is located at the...
AUDUSD stays below a downward trend line of daily chart and remains in downtrend from 0.9756. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
The AUD/USD pair try to rally during the session on Friday, but as you can see the sellers to go over and push this market down. Pushing the market down like this has formed a shooting star,...
