The AUDUSD pair broke higher during the course of the session on Wednesday, breaking above the past couple of shooting stars. Not only that, we have broken above the 0.75 handle, which of course has a certain amount of psychological significance as far as resistance is concerned.
The AUDUSD pair initially fell during the course of the day on Tuesday, testing the 0.74 area.
The AUDUSD pair continued to break higher during the course of the day on Monday, testing the 0.75 level.
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already.
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.
The AUDUSD pair bounced at the open on Monday, but quite frankly with the massively negative candle that we had formed on Friday, we are still very bearish of this market.
The AUDUSD pair broke higher during the course of the session on Thursday, but we still remain
The AUDUSD pair went back and forth during the day on Tuesday but turned back around to form a bit of a shooting star.
The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bang around just below the 0.72 handle.
The AUDUSD pair broke higher during the course of the session on Wednesday, but still remains below the 0.72 level, an area that we see as the “ceiling” in this market.
