Tag: AUDUSD

AUDUSD | 3-Month Trend Line Broken | 10.08.2015

AUDUSD Technical Analysis

Talking Points : AUDUSD Technical Analysis : Flat Support: 0.7379, 0.7323, 0.7259 Resistance:0.7468, 0.7541, 0.7614 The Australian Dollar moved higher against its US counterpart as expected, breaking resistance capping gains since mid-May. Near-term resistance is at 0.7468, the 38.2% Fibonacci retracement, with a break above that on a daily closing basis exposing the 50% level […]

AUDUSD | Upswing Pauses to Consolidate | 06.08.2015

AUDUSD Technical Analysis

Talking Points : AUDUSD Technical Analysis : Flat Support: 0.7323, 0.7234, 0.7144 Resistance:0.7379, 0.7407, 0.7468 The Australian Dollar is digesting gains after turning upward against its US counterpart as expected having formed a bullish Morning Star candlestick pattern. Near-term resistance is at 0.7379, the 23.6% Fibonacci retracement, with a break above that on a daily […]

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