AUDUSD broke above 0.7610 resistance, indicating that the downtrend from 0.7729 had completed at 0.7532 already. Further rally is still possible and next target would be at 0.7650 area. Above here could trigger further upside move towards...
The Australian dollar rallied significantly during the trading session on Tuesday, using the RBA announcement as a bit of a catalyst. However, there are several other reasons that the market is going to continue to struggle. The...
AUDUSD broke above the falling trend line on the 4-hour chart and is now facing 0.7610 resistance. As long as this level holds, the rise from 0.7532 could be treated as consolidation of the downtrend from 0.7729,...
The Australian dollar has been somewhat volatile during the trading session on Monday, remaining in a reasonably tight range. That’s not a huge surprise though, because we get the Monetary Policy Meeting Minutes coming out first thing...
AUDUSD extended its downside movement from 0.7729 to as low as 0.7532. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...
AUDUSD’s downside movement from 0.7729 extended to as low as 0.7535. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downside movement...
AUDUSD extended its downside movement from 0.8124, facing a support level at 0.7535. As long as the pair is below the falling trend line on the daily chart, the downside move could be expected to continue and...
The Australian dollar has fallen a bit during the day on Friday, showing signs of struggle against the US dollar you again. The 0.7550 level underneath has been supportive in the past, and is the beginning of...
The Australian dollar has been extraordinarily choppy during the trading session on Thursday, as we dance around the 0.76 handle. If we can break above there, I think we will test the 0.7650 level, but would expect...
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
