AUDUSD is facing the resistance of the falling trend line on the daily chart. As long as the trend line resistance holds, the bounce from 0.7642 could be treated as consolidation for the downtrend from 0.8135 and...
AUDUSD is trending lower on its 4-hour time frame and is currently on its way to the resistance. Applying the Fib retracement tool on the swing high and low shows that this lines up with the 50%...
AUDUSD is now facing 0.7785 resistance. A breakout of this level could trigger further upside movement towards 0.7820, followed by 0.7860. Support is at 0.7725, only a breakdown below this level would indicate that the upside movement...
AUDUSD extended its upside movement from 0.7642 to as high as 0.7769, facing the resistance at 0.7785. Support is at 0.7725, as long as this level holds, the upside move could be expected to continue. However, a...
The Australian dollar has tried to rally during the trading session on Monday, but the 0.77 level has offered enough resistance to turn things over and fall towards the 0.7650 level. That’s an area that has been...
AUDUSD moved sideways in a trading range between 0.7642 and 0.7726. The price action in the range is likely consolidation of the downtrend from 0.7916 and a breakdown below 0.7642 could trigger another fall towards 0.7600.
AUDUSD remains in the downtrend from 0.8135, the rise from 0.7642 is likely consolidation for the downtrend. Range trading between 0.7642 and 0.7785 would likely be seen over the next several days. As long as 0.7785 resistance...
AUDUSD is in consolidation for the downtrend from 0.7916. Another rise towards 0.7760 resistance is possible. However, as long as this level holds, the downtrend could be expected to resume and one more fall to 0.7600 area...
AUDUSD broke above 0.7710 resistance, suggesting that lengthier consolidation for the downtrend from 0.7916 is underway. Further rally is possible and the target would be at 0.7760 area. Support is at 0.7642, only a breakdown below this...
The Australian dollar has been very noisy during trading on Tuesday, as we continue to find resistance at the 0.77 handle. That area caused the market to pull back at least twice during the day, and it...
