AUDUSD Rising Wedge Dec 14, 2016
AUDUSD is slowly trending higher, moving inside a rising wedge pattern visible on its 1-hour and 4-hour charts. Price is testing the resistance and could be due for a move back to support at the .7475 level.
AUD/USD
AUDUSD Forecast December 13, 2016, Technical Analysis
The AUDUSD pair rallied on Monday, testing the 0.75 level above as resistance.
AUDUSD Forecast December 5, 2016, Technical Analysis
The AUDUSD pair fell slightly during the session on Friday, but found enough support near the 0.74 level to bounce and test the 0.7450 level again. We found resistance there, as we have in the past, so now it looks very choppy to say the least.
AUDUSD Forecast November 22, 2016, Technical Analysis
The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session.
AUDUSD Forecast November 8, 2016, Technical Analysis
The AUDUSD pair initially fell on Monday but then found buyers to push the market higher.
AUDUSD Forecast November 3, 2016, Technical Analysis
The Australian dollar initially fell during the day on Wednesday, but turned around to form a relatively supportive looking candle.
AUDUSD Forecast October 25, 2016, Technical Analysis
The Australian dollar initially tried to rally on Monday but turned right back around and sold off all of the gains.
Lacklustre Start To Week Full Of Data, Earnings And CB Meetings
At the start of a week full of US earnings, important economic data and a couple of central bank meetings, risk is somewhat off the menu. Equities, copper and, to a lesser degree, oil prices were all trading lower at the time of this writing.
AUDUSD Weekly Analysis – October 16, 2016
AUDUSD moved sideways in a range between 0.7441 and 0.7755.
AUDUSD Forecast October 4, 2016, Technical Analysis
The AUDUSD pair broke higher during the course of the session on Monday, but gave back more than half of the gains from the early part of the session.