AUDUSD Analysis – May 16, 2010
AUDUSD stays in a trading range between 0.8577 and 0.9404. Sideways movement in the range could be expected to continue in a couple of weeks. Now a cycle bottom is being formed at 0.8715 level on daily...
Tag: AUDUSD
AUDUSD Analysis – May 8, 2010
AUDUSD breaks below 0.9001 key support, taking price back to range trading between 0.8577 and 0.9404. Sideways movement in the range would more likely be seen in next several weeks. Key support is at 0.8577, only fall...
AUDUSD Analysis – May 1, 2010
Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top has been formed on daily chart. Deeper decline towards 0.9001 support is expected next week. However, the fall from 0.9381...
AUDUSD Analysis – April 24, 2010
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. Further rise towards 0.9404 previous high is still possible after consolidation, and a break above this level will trigger another rise...
AUDUSD Analysis – April 17, 2010
Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top is being formed on daily chart. Deeper decline towards the lower border of the rising price channel is expected next...
AUDUSD Analysis – April 10, 2010
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. Further rise to test 0.9404 key resistance is expected next week. Support is at the lower border of the price channel,...
AUDUSD Analysis – April 3, 2010
Being supported by the lower border of the price channel on daily chart, AUDUSD bounced from 0.9001, suggesting that a cycle bottom is being formed. Another rise towards 0.9404 previous high is expected in a couple of...
AUDUSD Analysis – March 27, 2010
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. As long as the channel support holds, further rally is possible and next target would be at 0.9300 area. However, a...
AUD/USD is stuck in a narrow channel
AUD/USD instrument showed mixed trading on Tuesday. At the trading day opening, bears completely were owning initiative, as a result, the instrument fell by more than 50 points. However, couple hours later after the European deals opening,...
AUDUSD Analysis – March 20, 2010
AUDUSD remains in uptrend from 0.8577. Further rally is still possible next week and next target would be at 0.9300 area. Initial support is at 0.9095, as long as this level holds, uptrend could be expected to...