Tag: AUDUSD

AUDUSD formed a cycle top at 0.6849 level on daily chart. However, range trading between 0.6248 and 0.7267 is expected and rebound towards 0.7100 zone would more likely be seen in a couple of weeks. Near term...

AUDUSD might be forming a cycle top at 0.6849 on daily chart. Key support is now at 0.6248, a break below this level will confirm the cycle top, and then deeper decline could be seen below 0.6008...

AUDUSD formed a cycle bottom at 0.6248 level on daily chart. Further rise is expected to 0.7150 zone in a couple of weeks. Near term support is located at 0.6248, only break below this level will indicate...

AUDUSD breaks above the key resistance at 0.6729, suggesting that a cycle bottom has been formed at 0.6248 on daily chart. Further rise is now in favor, and the target would be at 0.7100 zone. Key support...

AUDUSD is testing the support of the lower border of the price channel on daily chart. The fall from 0.7267 could possibly be resumption of the long term downtrend from 0.9849 (July 15, 2008 high). A break...

No changed in our view, AUDUSD remains in downtrend and the fall from 0.7267 extends further to 0.6418 level. Deeper decline is still in favor. Target would be at the lower border of the price channel, now...

AUDUSD drops sharply to as low as 0.6537 level. Deeper decline is still possible to test the support of the lower border of the price channel, now at 0.6300. Initial resistance is at 0.6810, rise above this...

AUDUSD breaks below 0.6755 key support and reaches as low as 0.6560 level. Deeper decline is now in favor, target would be at the bottom border of the price channel on daily chart, now at 1.6285 level....

AUDUSD breaks above 0.7140 resistance and reaches 0.7267 level only. Pullback to test 0.6755 support is possible next week. This level would more likely be held, and one more rise towards 0.7500 could be expected. Only fall...

AUDUSD breaks above 0.7140 resistance, suggesting that the uptrend from 0.6008 has resumed. Further rally could be seen to 0.7500 zone in next several days. Near term support is at 0.6755, only fall below this level will...