The Australian dollar was very choppy during the Thursday session, reaching towards the 0.76 level a couple of times, but failing and rolling over. I currently believe that we are trying to build up enough momentum to...
AUDUSD’s fall from 0.7644 extended to as low as 0.7552. Deeper decline to test 0.7532 support is possible and a breakdown below this level could signal resumption of the downtrend from 0.7897, then next target would be...
The Australian dollar went back and forth during the course of the trading session on Tuesday, bouncing around the 0.76 handle. That being the case, I think that the market should be very volatile in this general...
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7897. Near term support is at 0.7580, a breakdown below this level could take price to next support level at...
AUDUSD failed to settle above the top trend line of the price channel on the 4-hour chart, indicating that the pair remains in the downtrend from 0.7897, the bounce from 0.7532 could be treated as consolidation of...
The Australian dollar has been very volatile during Monday trading, initially surging higher during the day, but finding enough resistance near the 0.7650 level to roll over and sell off rather significantly. The daily candle looks very...
AUDUSD is facing a resistance of the top trend line of the price channel on its 4-hour chart. As long as the channel resistance holds, the bounce from 0.7532 could be treated as consolidation of the downtrend...
AUDUSD is now facing the resistance of the bearish trend line on the daily chart. As long as the price is below the trend line, the bounce from 0.7535 could be treated as consolidation of the downtrend...
AUDUSD is currently trending lower but looks prime for a correction to its descending channel visible on the 4-hour time frame. This is in line with the 200 SMA dynamic inflection point, but price is already testing...
AUDUSD’s upside movement from 0.7532 extended to as high as 0.7638. Further rise is still possible and next target would be at 0.7650. Above this level could take price to next resistance level at 0.7729. Near term...
