AUDUSD Forecast June 8, 2017, Technical Analysis
The Australian dollar exploded to the upside on Wednesday, using the 0.75 level as support.
Aussie dollar
AUDUSD Forecast June 6, 2017, Technical Analysis
The Australian dollar gapped lower at the open on Monday, but then fill that gap as one would expect.
AUDUSD Forecast June 5, 2017, Technical Analysis
The AUDUSD pair exploded to the upside on Friday, and reaction to the weaker than anticipated jobs number coming out of the United States.
AUDUSD Forecast May 23, 2017, Technical Analysis
The Australian dollar had an explosive session on Monday, initially gapping lower, filling the gap, and then continue the down move.
AUDUSD Forecast May 22, 2017, Technical Analysis
The AUDUSD pair had a very strong session on Friday, reaching towards the highs that we had touched on Thursday. That’s a very bullish sign, and I think that the market is now trying to reach towards the 0.75 level above.
AUDUSD Forecast May 16, 2017, Technical Analysis
The Australian dollar has rallied during the session on Monday, breaking above the 0.74 level. We found a bit of resistance at the 0.7450 level, and then dropped.
AUDUSD Descending Channel May 15, 2017
AUDUSD has been trending lower recently and is now moving inside a descending channel on its 4-hour chart. Price just bounced off support and is looking to pull back to the resistance at the .7450 minor psychological level.
AUDUSD Forecast May 12, 2017, Technical Analysis
The Australian dollar had an interesting session, initially falling, perhaps in sympathy to the moves in the New Zealand dollar.
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.
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.