AUDUSD Forecast May 10, 2017, Technical Analysis
The AUDUSD pair fell during the day on Tuesday, as the 0.74 level continues to offer resistance.
AUD/USD
AUDUSD Forecast May 5, 2017, Technical Analysis
The Australian dollar fell a bit during the day on Thursday, as we continue to see weakness in the commodity markets. Gold markets fell apart, and that of course is a very negative when it comes to the Australian dollar.
AUDUSD Forecast May 2, 2017, Technical Analysis
The Australian dollar rallied on Monday, breaking well above the 0.75 level during the day, and crashed into the 0.7540 level. This is an area that could feature some resistance based upon a cluster from April 25, so I’m not excited about buying in this general vicinity.
AUDUSD Forecast May 1, 2017, Technical Analysis
The AUDUSD pair initially fell on Friday but found enough support at the 50% Fibonacci retracement level to bounce a bit.
AUDUSD Forecast April 26, 2017, Technical Analysis
Commodity currencies got beat severely during the session on Tuesday and of course the Australian dollar was no different.
AUDUSD Daily Analysis – April 21, 2017
AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend.
AUDUSD Forecast April 20, 2017, Technical Analysis
The AUDUSD pair fell significantly during the day, testing the 0.75 level.
AUDUSD Forecast April 18, 2017, Technical Analysis
The AUDUSD pair rallied during the Monday session, testing the 0.76 level.
AUDUSD Daily Analysis – April 13, 2017
AUDUSD broke above 0.7514 resistance, indicating that the downward movement from 0.7679 had completed at 0.7473 already.
AUDUSD Daily Analysis – April 11, 2017
AUDUSD remains in downtrend from 0.7679.