AUDUSD

AUDUSD Analysis – June 5, 2010

AUDUSD is forming a cycle top at 0.8550 level on daily chart. Key support is at 0.8066, a breakdown below this level will confirm the cycle top and indicate that the downtrend from 1.9381 has resumed, then...

Updating our previous analysis for May 17, the pair succeeded in breaching the neckline for a bearish technical pattern mentioned previously at 0.8575, this breach took the pair to the 38.2% correction for the entire upside wave...

AUDUSD Analysis – May 29, 2010

AUDUSD remains in downtrend from 0.9381 and the bounce from 0.8071 is more likely correction of downtrend. Another fall is still possible after correction. A breakdown below 0.8071 could indicate that the downtrend has resumed, then next...

How Low Can They Go?

AUDUSD: This move has been drastic. Often it is recommended to put these moves into perspective by looking at the macro picture. The AUD has fallen nearly 12 big figures in two weeks and is maintaining that...

AUDUSD Analysis – May 22, 2010

AUDUSD broke below the trading range between 0.8577 and 0.9404, and reached as low as 0.8071 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is now...

AUDUSD Analysis – May 16, 2010

AUDUSD stays in a trading range between 0.8577 and 0.9404. Sideways movement in the range could be expected to continue in a couple of weeks. Now a cycle bottom is being formed at 0.8715 level on daily...

AUDUSD Analysis – May 8, 2010

AUDUSD breaks below 0.9001 key support, taking price back to range trading between 0.8577 and 0.9404. Sideways movement in the range would more likely be seen in next several weeks. Key support is at 0.8577, only fall...

AUDUSD Analysis – May 1, 2010

Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top has been formed on daily chart. Deeper decline towards 0.9001 support is expected next week. However, the fall from 0.9381...

AUDUSD Analysis – April 24, 2010

AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. Further rise towards 0.9404 previous high is still possible after consolidation, and a break above this level will trigger another rise...

AUDUSD Analysis – April 17, 2010

Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top is being formed on daily chart. Deeper decline towards the lower border of the rising price channel is expected next...