The AUDUSD pair ran in a falling price channel on the daily chart. Price just bounced off the top trend line of the channel, indicating that the pair remains in the downtrend from 0.8124. On the downside...
The Australian dollar rallied significantly during the trading session on Tuesday, but found the 0.7650 level to be resistance, as it was once support. By doing so, the market rolled over from there and reach down...
After touching 0.7644 resistance, AUDUSD fell to 0.7571, indicating that the pair remains in the downtrend from 0.8124 (Sep 8 high) and the price action from 0.7532 is consolidation of the downtrend. Deeper decline to test 0.7532...
AUDUSD is currently trading inside an ascending channel on its daily time frame and is testing support. Price is also moving inside a short-term descending channel and might need to break past the resistance before establishing bullish...
AUDUSD broke above 0.7644 resistance, indicating that the downside movement from 0.7897 had completed at 0.7532 already. Further rally could be expected and next target would be at 0.7729. Support levels are at 0.7575 and 0.7532, only...
The Australian dollar gap lower at the open on Monday, signaling that traders were starting to become a bit more excited about tax reform in the United States, but since then we have bounced to fill...
AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7532 and 0.7644 would likely be seen in...
AUDUSD broke above the falling trend line on the daily chart, indicating that consolidation for the downtrend from 0.8124 is underway. Further rally is still possible and next target would be at 0.7729. However, as long as...
The Australian dollar initially went sideways during the session on Friday, reaching towards the 0.76 level before pulling back. However, we then found quite a bit of bullish pressure as General Flynn suggested that he was willing...
AUDUSD extended its downside movement from 0.7644 to as low as 0.7550. Deeper decline to test 0.7532 support is still possible. A breakdown below this level will indicate that the downtrend from 0.7897 has resumed, then next...
