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 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...
AUDUSD failed to break above 0.9404 resistance and pulled back from 0.9327 level, suggesting that a cycle top had been formed on daily chart. Pullback towards 0.8734 previous low would more likely be seen next week.
AUDUSD’s bounce from 0.8734 extended to as high as 0.9327 level. Further rally to test 0.9404 resistance is still possible next week. However, pullback would more likely be seen before breaking above this level. Support level is...
AUDUSD broke above the upper border of the falling price channel on daily chart, suggesting that a cycle bottom has been formed at 0.8734 level and the fall from 0.9404 has completed. Further rally to re-test 0.9404...
AUDUSD remains in downtrend from 0.9404 and the bounce from 0.8734 is treated as consolidation of downtrend. Resistance is located at the upper border of the falling price channel on daily chart. As long as the channel...
AUDUSD is now in downtrend from 0.9404 and the fall extended to as low as 0.8734. further fall is still possible next week and next target would be at 0.8550-0.8600 area. Resistance is at 0.8920, as long...
AUDUSD broke below 0.8916 key support, suggesting that the uptrend from 0.7703 has completed at 0.9404 already. Deeper decline is now in favor and next target would be at 0.8650-0.8700 area. Resistance is at 0.9150, as long...
AUDUSD stays in a trading range between 0.8916 and 0.9404. Moving sideways without trend in the range is still possible next week. As long as 0.8916 support holds, the price action in the trading range is treated...
AUDUSD continues its sideways movement in a range between 0.8916 and 0.9404. Lengthier consolidation in the trading range is still possible next week. As long as 0.8916 support holds, another rise towards 0.9500 is possible after consolidation....
