The AUD/USD pair rose on Thursday in order to reach the 200 day exponential moving average. The indicator is often used by trend traders, and as such will often act as dynamic support and resistance.
The AUD/USD pair rose during the session on Wednesday as the markets priced in more “risk on” to the global trade. The pair had formed a hammer on Tuesday, and we suggested that the pair could be...
The euro strengthened amid positive results of auctions of Italy, Spain, and Netherlands governments’ bonds.
The AUD/USD pair fell for much of the session on Tuesday, but bounced at the end in order to form a hammer. This bullish sign is at the bottom of the most recent consolidation level, and it...
The US dollar became more expensive amid the upcoming meeting of the
The AUD/USD continues to looks weak overall as the slump on Monday indicates. The pair is currently suffering by less than stellar economic numbers out of Australia, and the stronger than usual US dollar.
The AUD/USD pair continued to move sideways for the session, sitting just below the 200 day EMA. The pair looks as if it is trying to form some kind of base, but the 1.04 level is going...
AUDUSD is forming a cycle bottom at 1.0225 on daily chart. Further rally would likely be seen next week, and the target would be at 1.0550-1.0600 area. However, the rise would possibly be consolidation of the downtrend...
The AUD/USD pair fell on Thursday as the risk appetite around the world fell for the session. The candle for the day went as low as the 1.03 level, a level we see as minor support. The...
