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audusd

AUDUSD right on pullback resistance, watch for a further drop!

AUDUSD has broken our major ascending support line triggering further bearish momentum! We’re seeing 1st resistance at 0.8046 (Fibonacci retracement, horizontal overlap resistance) where a strong drop...

AUDUSD broken major support, prepare for a big drop!

AUDUSD has finally broken our long term ascending support channel triggering a potential strong sell off from here. Our first major resistance is at 0.8067 (Fibonacci retracement, horizontal pullback...

AUDUSD remains in a strong ascending channel

AUDUSD remains in our ascending support channel and is now testing major support at 0.8021 (pullback support, ascending channel support). We could expect more bullish momentum driving price all the...

AUDUSD starting to reverse nicely, watch for the break of major support!

AUDUSD is starting to reverse nicely! We are still in an ascending channel that stretches all the way back to December 2017 so only a break of this major channel would trigger a much more bearish...

AUDUSD starting to reverse nicely, watch this space!

AUDUSD has started to test our major resistance and is reversing nicely. Our major resistance remains at 0.7988 (78.6% Fibonacci retracement, horizontal swing high resistance, bearish...

AUDUSD on major resistance, potential major reversal!

AUDUSD is testing major resistance at 0.7988 (78.6% Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price...

AUDUSD back to pullback resistance!

AUDUSD has made a pullback to our breakout resistance line since breaking out of it yesterday. This is always a sign of big bears pushing price up so as to get a good entry price fearing they had miss...

AUDUSD has broken major support!

AUDUSD has broken a strong ascending support-turned-resistance line triggering a major bearish move. Our resistance is at 0.7835 (overlap resistance, pullback resistance, breakout resistance) and a...

AUDUSD right on resistance!

Price is now testing major resistance at 0.7742 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at...