The AUD/USD pair fell during the session on Wednesday as you can see, but more importantly found the 0.90 level supportive enough in order to form a hammer. This candle suggests that we are going to bounce...
The latest Fed minutes have been released and there have been no new hints on tapering. Investors are increasingly nervous and impatient after Bernanke mentioned the much dreaded ‘t-word’; tapering. Currently the U.S. wastes $85 Billion per...
The AUD/USD pair fell during the session on Tuesday, but bounced in order to form a hammer. As you can see, the 0.90 level has offered support and now we have to wonder whether or not there...
The AUD/USD pair fell during the session on Monday, continuing to grind away with a negative attitude. The markets seem to be heading towards the 0.90 handle, and as a result we are more than comfortable selling...
AUDUSD is in consolidation of the downtrend from 1.0582. Range trading between 0.8847 and 0.9344 would likely be seen over the next several days. Key resistance is at 0.9344, as long as this level holds, the downtrend...
The AUD/USD pair rose during the session on Friday, but as you can see could not breakout above the resistance. In fact, we see the 0.93 handle as crucial for the buyers to get past in order...
The AUD/USD pair went back and forth during the session on Thursday as the markets tried to dissect the worse than expected US economic numbers. The Dollar was beat up on throughout the session, and this pair...
The AUD/USD pair fell during the session on Tuesday, forming a shooting star after initially trying to make something positive out of the day. Because of this, we still feel that this market is going to fall,...
The AUD/USD pair fell during the session on Monday, as it looks like the market is finally going to succumb to the weight of the downtrend again. That being the case, we are selling on a break...
AUDUSD remains in downtrend from 1.0582, the rise from 0.8847 is likely consolidation of the downtrend. Key resistance is at 0.9344, as long as this level holds, the downtrend could be expected to resume, and one more...
