The AUD/USD had a strong showing on Wednesday, breaking above the 1.05 level. However, we are still well below the 1.06 level, an area that we need to break out of in order to really get bullish...
The AUD/USD pair had a strong showing on Tuesday as we managed to break above the 1.05 level again. This level however acted as resistance, and as a result we are just basically closing right at it.
AUD/USD seems to have breached the 1.0500 major psychological level already and appears poised to test the next resistance at 1.0600. Take note that this is in line with the top of the long-term range visible on...
The AUD/USD pair shot straight up during the session on Monday, closing the gap down that we saw at the open. In fact, we managed to go above the gap, and close above the 1.04 level. However,...
AUDUSD had formed a cycle top at 1.0496 on daily chart. However, the fall from 1.0496 is likely correction of the uptrend from 1.0115, pullback to 1.0200 – 1.0300 area to complete the correction could be expected...
The AUD/USD pair fell during most of the session on Friday, but as you see bounced significantly off of the 1.0350 level, in order to form a hammer. This hammer is focused on the 1.04 level, which...
The AUD/USD pair went back and forth during the session on Thursday, initially rising, only to turn around and triggered the sell orders that would’ve been at the bottom of the Wednesday shooting star.
On its 4-hour time frame, AUD/USD has formed a double top formation as it failed to break past the 1.0500 major psychological resistance over the past few weeks. The neckline of the pattern is at the 1.0400...
The AUD/USD pair surged initially during the session on Wednesday, but as you can see failed at the 1.05 level again. This has formed a little bit of a double top in the short term, and the...
The AUD/USD pair initially rallied during the session on Tuesday, but as you can see gave back quite a bit of the gains in order to form a shooting star. We still think that the 1.04 level...
