AUDUSD breaks below the support of the upward trend line on daily chart, suggesting that the uptrend from 1.0149 had completed at 1.0597 already. Further decline would likely be seen over the next several days, and next...
The AUD/USD pair fell during the Friday session as the Aussie continues to underperform. The market has been consolidating between the 1.02 and 1.06 levels, and has a “midpoint” of 1.04 to guide the markets.
The AUD/USD pair went back and forth during the session on Thursday, finishing just above the 1.04 level again. It does look as we said yesterday that we are looking at consolidation going forward, and that this...
The AUD/USD pair had a negative session during the trading day on Wednesday, retesting the 1.04 level. However, it should be noted that that level course did hold as support, and it looks like you’re trying to...
Market Commentary The US Dollar is trading mixed since past couple of weeks wherein it has depreciated against the Euro and traded flat against the Swiss France and the Aussie but continued appreciating against the Japanese Yen...
The AUD/USD pair broke the top of the hammer that we formed on Monday during Tuesday’s action, and as a result a bullish buy signal has been sent out. We believe this market will continue to grind...
The AUD/USD pair fell during most of the Monday session, but found enough support at the 1.04 region that we bounced hard enough to form a hammer. This hammer suggests that we are bound to take another...
AUDUSD is facing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that the uptrend from 1.0149 had completed at 1.0597 already, then the following downward...
The AUD/USD pair has been a very difficult one to trade recently. Quite frankly, this pair “should” be going higher at this point time as there’s more of a “risk on” attitude to the marketplace. However, as...
The AUD/USD pair fell apart during the session on Thursday as the 1.05 handle gave way as support. This pair has been consolidating for quite some time, and the action for Thursday would have been a bit...
