The AUD/USD pair bounced nicely off of the 0.9650 level during the session on Thursday, which is to be expected as it is a long-term support level. The resulting candle is in quite a hammer, but it...
The AUD/USD pair fell during the session on Wednesday as the market found the 0.9650 support level. This area is a significant support level on the longer-term charts as well, so the bounce of course would not...
The AUD/USD pair went back and forth during the session on Tuesday, eventually forming a hammer. The hammer is focused around the 0.98 handle, and as a result we think that this pair will more than likely...
The AUD/USD pair rose during the session on Monday, to break above the 0.98 handle. However, this market has been sold off so drastically that we are very hesitant to buy the Australian dollar right now.
Ever since AUD/USD breached the 1.0200 major psychological level, it has been on a very strong selloff, even breaking below parity. The trend remains very bearish for the pair and there could be shallow retracements for the...
AUDUSD’s fall from 1.0582 extends to as low as 0.9711. Further decline would likely be seen next week, and next target would be at 0.9500 area. Resistance is at 0.9900, as long as this level holds, the...
The AUD/USD pair fell during the session on Friday, closing well below the 0.98 support level. This market is absolutely broken at the moment, but we are starting to approach significant support levels on the longer-term charts.
The AUD/USD pair had a very negative session during the Thursday, lunging all the way down to the 0.98 handle. Even more impressive was the fact that the sellers managed to break the bottom of a perfect...
The AUD/USD pair fell during the session on Wednesday, as the 0.99 support level gave way. However, you can see that there was a bounce towards the end of the session that formed a nice looking hammer.
The AUD/USD pair initially rose during the session on Tuesday, trying to breakout and above the parity level. However, this is the third session in a row that we’ve seen parity act as resistance, and as a...
