AUDUSD Analysis – March 27, 2010
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. As long as the channel support holds, further rally is possible and next target would be at 0.9300 area. However, a...
Tag: AUDUSD
AUD/USD is stuck in a narrow channel
AUD/USD instrument showed mixed trading on Tuesday. At the trading day opening, bears completely were owning initiative, as a result, the instrument fell by more than 50 points. However, couple hours later after the European deals opening,...
AUDUSD Analysis – March 20, 2010
AUDUSD remains in uptrend from 0.8577. Further rally is still possible next week and next target would be at 0.9300 area. Initial support is at 0.9095, as long as this level holds, uptrend could be expected to...
AUDUSD Analysis – March 13, 2010
AUDUSD’s bounce from 0.8577 extended to 0.9193 level. Support remains at the rising trend line from 0.8577 to 0.8801, as long as the trend line support holds, further rally is expected and next target would be at...
AUDUSD Analysis – March 6, 2010
AUDUSD broke above 0.9070 previous high, suggesting that another rally to 0.9200-0.9250 is underway. Support is now at the rising trend line from 0.8577 to 0.8801, key support is at 0.8801, only fall below this level could...
AUDUSD Analysis – February 27, 2010
AUDUSD might be forming a cycle top at 0.9070 level on daily chart. Pullback to 0.8700-0.8750 area would more likely be seen in a couple of week. As long as 0.8577 support holds, we’d expected uptrend to...
AUDUSD Analysis – February 20, 2010
After breaking below 0.8734 support, AUDUSD bounced from 0.8577, taking price back to a trading range between 0.8577 and 0.9404. Further rally to 0.9200-0.9300 would more likely be seen after a minor consolidation. Key support is at...
AUDUSD Analysis – February 13, 2010
AUDUSD formed a cycle bottom at 0.8577 level on daily chart. Bounce to 0.9100-0.9150 area is expected after consolidation. Key support is now at 0.8577, only fall below this level will indicate that the downtrend from 1.9327...
AUDUSD Analysis – February 6, 2010
AUDUSD breaks below 0.8734 support and reaches as low as 0.8577 level. Deeper decline is still possible next week and target would be at 0.8500 area. However, next cycle bottom on daily chart is nearing and bounce...
AUDUSD Analysis – January 30, 2010
AUDUSD formed a cycle top at 0.9327 level on daily chart. Support at 0.8734 would be re-tested next week, a breakdown below this level will suggest deeper decline towards 0.8500 area. Resistance is at 0.9000, as long...