AUDUSD

AUDUSD Analysis – June 19, 2010

AUDUSD broke above 1.8550 key resistance and reached as high as 0.8729. Further rally is still possible next week and next target would be at 0.9000 area. Support level is at 0.8505, as long as this level...

AUD USD In Depth

The 38.2% correction held against the pair’s downside correctional attempts as seen on the daily chart below. The pair rushed to the upside to retest the breached neckline for the bearish pattern at 0.8605.

Commodity Currency Update

USDCAD: The pair which at best is volatile during breakouts has been trading a considerably more volatile pattern over the last 30 days. A break above or below the 200 day moving average typically signals a change...

AUDUSD Analysis – June 12, 2010

AUDUSD traded in a range between 0.8066 and 0.8550. Key resistance is at 0.8550, as long as this level holds, the price action in the range is treated as consolidation of downtrend and another fall towards 0.7500...

Market Volatility and Indirection

The GBP is still holding up quite well after finding Support at 1.43. Lows several times traded below 1.4250 but were always pushed back up. We are noticing a number of long wicked candles including 3 Doji’s...

AUDUSD Analysis – June 5, 2010

AUDUSD is forming a cycle top at 0.8550 level on daily chart. Key support is at 0.8066, a breakdown below this level will confirm the cycle top and indicate that the downtrend from 1.9381 has resumed, then...

Updating our previous analysis for May 17, the pair succeeded in breaching the neckline for a bearish technical pattern mentioned previously at 0.8575, this breach took the pair to the 38.2% correction for the entire upside wave...

AUDUSD Analysis – May 29, 2010

AUDUSD remains in downtrend from 0.9381 and the bounce from 0.8071 is more likely correction of downtrend. Another fall is still possible after correction. A breakdown below 0.8071 could indicate that the downtrend has resumed, then next...

How Low Can They Go?

AUDUSD: This move has been drastic. Often it is recommended to put these moves into perspective by looking at the macro picture. The AUD has fallen nearly 12 big figures in two weeks and is maintaining that...

AUDUSD Analysis – May 22, 2010

AUDUSD broke below the trading range between 0.8577 and 0.9404, and reached as low as 0.8071 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is now...