AUDUSD remains in downtrend from 0.9404 and the bounce from 0.8734 is treated as consolidation of downtrend. Resistance is located at the upper border of the falling price channel on daily chart. As long as the channel...
AUDUSD is now in downtrend from 0.9404 and the fall extended to as low as 0.8734. further fall is still possible next week and next target would be at 0.8550-0.8600 area. Resistance is at 0.8920, as long...
AUDUSD broke below 0.8916 key support, suggesting that the uptrend from 0.7703 has completed at 0.9404 already. Deeper decline is now in favor and next target would be at 0.8650-0.8700 area. Resistance is at 0.9150, as long...
AUDUSD stays in a trading range between 0.8916 and 0.9404. Moving sideways without trend in the range is still possible next week. As long as 0.8916 support holds, the price action in the trading range is treated...
AUDUSD continues its sideways movement in a range between 0.8916 and 0.9404. Lengthier consolidation in the trading range is still possible next week. As long as 0.8916 support holds, another rise towards 0.9500 is possible after consolidation....
AUDUSD breaks below support of the lower border of rising price channel on daily chart, suggesting that the upward trend from 0.7703 may have completed at 0.9404, and the following pullback could take price to 0.8500 zone,...
AUDUSD stays in a rising price channel on daily chart and the price action from 0.9326 is more likely consolidation of uptrend from 0.7703. As long as the channel support holds, we’d expect uptrend to resume and...
USD The US Dollar continued its rebound started Monday on the heels of Federal Reserve Chairman Ben Bernanke’s comments. The Dollar also was helped by a profit taking selloff in stocks, oil and gold – all which...
AUD/USD:The Aussie continues to strengthen against the Greenback and is now retesting short term resistance at .9343. The Aussie completed the top portion of a double top (as depicted on the Chart by the 2 white boxes)...
AUDUSD broke above 0.9326 previous high and reached as high as 0.9368. Further rise would more likely be seen next week and next target would be at 0.9450-0.9500 area. Support is remains at the lower border of...
