After touching 0.9344 resistance, AUDUSD pulled back from 0.9353, suggesting that lengthier consolidation of the downtrend from 1.0582 is underway. Range trading between 0.8847 and 0.9344 could be expected to continue in a couple of weeks.
The AUD/USD pair fell hard during the session on Thursday, but found enough support to keep from falling too far. We look at this market has been a bit on the bearish side, for the short term,...
The AUD/USD pair broke out to the upside during the session on Wednesday, clearing the 0.93 handle. That being the case, we feel that this market will continue to go higher, and head towards the next major...
The AUD/USD pair rose during the session on Tuesday, as we managed to slam into the 0.93 handle. This level is the top of a larger consolidation box, so we are deftly watching this candle with great...
The AUD/USD pair did very little during the session on Monday as we continued to hang around the 0.9250 level. However, we do not have any interest in going long of this market until we clear the...
AUDUSD failed to break below 0.8847 support and stayed in a trading range between 0.8847 and 0.9344. As long as 0.9344 key resistance holds, the price action in the range could be treated as consolidation of the...
The AUD/USD pair rose during the session on Friday, breaking above the 0.92 level at one point in time. This shows strength, but there is a certain amount of bearishness left in this pair as we approach...
The AUD/USD pair shot straight up during the session on Wednesday, as you can see breaking well above a significant amount of resistance at the 0.9050 level. However, there still significant resistance of the 0.92 handle, and...
The Australian Dollar has rallied after the Reserve Bank of Australia held key interest rates at 2.50% and made no suggestions of further rate cuts. In addition Australian GDO came in at 0.6% for the second-quarter of...
The AUD/USD pair broke higher during the session on Tuesday, closing well above the 0.90 handle. While this is a positive development in this market, it’s obvious that the 0.9050 level has been resistive previously, and therefore...
