Being contained by 1.0597 resistance, AUDUSD pulled back from 1.0582, suggesting that lengthier sideways movement in a range between 1.0115 and 1.0624 (Sep 14, 2012 high) is underway.
The AUD/USD pair went back and forth during the session on Thursday, basically focusing on the 1.03 handle. However, at the end of the session we did settle much and it appears that we have essentially stopped...
The AUD/USD pair fell during the session on Wednesday, breaking down below the 1.03 level yet again. However, unlike the last couple of sessions, this pair actually stayed below it. This of course is a very bearish...
The AUD/USD pair rose during the session on Tuesday, slamming into the 1.04 level. This level has been the “middle line” of the larger consolidation area that we have been stuck in for ages now.
AUD/USD had a sharp selloff since Thursday last week as weak Chinese data and weak Australian data have been weighing the pair down. The recent release of the weaker than expected Chinese GDP, which came short at...
The AUD/USD pair fell drastically during the Monday session as the pair cleared two handles at one point. We are now well below the 1.04 handle, and have actually broken below 1.03 at one point during the...
AUDUSD is facing 1.0597 resistance, a break above this level will indicate that the sideways movement in a range between 1.0115 and 1.0624 (Sep 14, 2012 high) has completed, then further rise to 1.0700 – 1.0800 area...
The AUD/USD pair fell during the session on Friday, but did get a bit of a bounce once we got to the 1.0480 handle. The resulting candle ended up closing above the 1.05 handle, and as a...
The AUD/USD pair had a back and forth wild session on Thursday, as we were both very bullish, and then very bearish. Looking at the charts, you can see that we failed to crack above the 1.06...
AUD/USD suffered a quick selloff during today’s early Asian session when Australia printed weaker than expected jobs data. The actual report showed a 36.1K drop in hiring, worse than the estimated 6.1K decrease, bringing the jobless rate...