The range on AUD/USD is still holding for now, as the pair found resistance at the .9300 major psychological level earlier this week. The pair is now on its way to support around the .9050 minor...
The AUD/USD pair fell during the session on Monday, but just slightly so. It looks like we are continuing to try to form some type of rounded base at this point, and as a result we think...
AUDUSD is facing 0.9344 key resistance, as long as this level holds, the rise from 0.8998 could be treated as consolidation of the downtrend from 1.0582, and one more fall towards 0.8500 is still possible.
The AUD/USD pair rose during the session on Friday, but as you can see remains below the 0.93 handle. It isn’t that level that we think resistance sits and that is exactly what’s keeping the market depressed...
The AUD/USD pair rose during the session on Thursday, gaining back much of the losses that the market incurred on Wednesday. However, we are still well within the consolidation area that we have been in, and still...
AUD/USD appears to be forming a smaller range on its 1-hour time frame. The pair is on its way to test resistance at the .9300 major psychological level while stochastic is giving the overbought signal.
AUD/USD suffered a heavy selloff in yesterday’s trading, as the .9300 handle held as strong resistance and pushed the pair to the middle of its range.
The AUD/USD pair fell hard during the session on Tuesday, continuing to stay within the consolidation area that we have been in for roughly one month. Going forward, we still think that the 0.90 level is massive...
The AUD/USD pair initially fell during the session on Tuesday, but as you can see bounced enough to form a hammer. The hammer sits just below the 0.93 handle, an area that should be somewhat resistant.
The AUD/USD fell initially during the Monday session, but as you can see got a little bit of a boost later in the day. The resulting candle of course is a little bit of a hammer, but...
