AUDUSD Analysis – October 20, 2013
AUDUSD’s upward movement from 0.8847 extends to as high as 0.9677. Further rise could be expected, and next target would be at 1.0000 area. Initial support is at 0.9550, and the key support is at 0.9400, only...
Tag: AUDUSD
AUD/USD Forecast October 21, 2013, Technical Analysis
The AUD/USD pair shot higher during the session on Friday again, showing just how strong the Australian dollar has suddenly become. This of course is because the Federal Reserve looks unlikely to taper off of quantitative easing...
Deadline to US Debt Ceiling – Paxforex
Tomorrow is the last day for US politicians to reach an agreement on the debt ceiling as October 17th around midnight New York time the US will slide down the road of debt default as it will...
AUD/USD Forecast October 16, 2013, Technical Analysis
AUD/USD rose during the session on Tuesday, but fell back down in order to form a perfect shooting star. This shooting star is sitting right around the 0.95 handle, so there is a real chance that we...
AUD/USD Forecast October 15, 2013, Technical Analysis
The AUD/USD pair rose during the session on Monday, but as you can see struggle that the 0.95 handle and got pushed down. However, this is a market that we are watching with great interest right now...
AUDUSD Analysis – October 13, 2013
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 0.8847, then fall from 0.9526 is treated as consolidation of the uptrend. As long as the channel support holds, another rise towards...
AUD/USD Forecast October 14, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, breaking the top of the hammer from the Thursday session, however you can see that we are still below the 0.95 handle, and as a result we are...
AUD/USD Forecast October 9, 2013, Technical Analysis
The AUD/USD went back and forth during the session on Tuesday but failed to get over the 0.95 handle as one would expect. That resistance of course cause a lot of blockades, and we fully expect the...
AUD/USD Triangle Formation (October 8, 2013)
AUD/USD could be in for a decline today as the .9450 minor psychological level has been holding well as resistance so far. A drop could last until the recent support around the .9350 minor psychological level.
AUD/USD Forecast October 8, 2013, Technical Analysis
The AUD/USD pair struggled during the session on Monday, dipping below the 0.94 handle at one point in time, but as you can see bounced enough to form a hammer. This hammer suggests that the market will...