USD The US Dollar continued its rebound started Monday on the heels of Federal Reserve Chairman Ben Bernanke’s comments. The Dollar also was helped by a profit taking selloff in stocks, oil and gold – all which...
AUD/USD:The Aussie continues to strengthen against the Greenback and is now retesting short term resistance at .9343. The Aussie completed the top portion of a double top (as depicted on the Chart by the 2 white boxes)...
AUDUSD broke above 0.9326 previous high and reached as high as 0.9368. Further rise would more likely be seen next week and next target would be at 0.9450-0.9500 area. Support is remains at the lower border of...
A double top may be in place, with AUDUSD showing an Advance Block bearish reversal candlestick pattern below resistance at 0.9334. Dramatic negative RSI divergence bolsters a bias favoring the downside. That said, the Australian Dollar has...
Being contained by the lower border of the rising price channel on daily chart, AUDUSD rebounded from 0.8916, suggesting that a cycle bottom has been formed. The rise from 0.8916 is now treated as resumption of uptrend,...
After touching the upper border of the rising price channel on daily chart, AUDUSD pulled back from 0.9326, suggesting that a cycle top has been formed. Range trading between 0.8567 and 0.9326 is expected. Key support is...
AUDUSD has reached the upper border of the rising price channel on daily chart. Minor consolidation would more likely be seen in next several days. However, uptrend is expected to continue after consolidation and 0.9500 remains the...
AUDUSD has reached the upper border of the rising price channel on daily chart. A minor consolidation is expected in next several days and pullback towards the lower border of the price channel would more likely be...
AUDUSD’s uptrend extends further to as high as 0.9089 level. Move to the upper border of the rising price channel on daily chart is expected next week and consolidation could be seen after touching the channel resistance....
AUDUSD remains in uptrend from 0.7703 and the fall from 0.8858 is more likely consolidation of uptrend. Near term support is at 0.8543, followed by the lower border of the rising price channel on daily chart now...
