AUDUSD

Technical Analysis –AUDUSD consolidates, could downtrend resume?

Posted on April 20, 2015 at 5:34 am GMT

The near term bias for AUDUSD is neutral as the pair has appeared to have bottomed at 0.7532 following a decline from the September 2014 high of 0.9400. Prices rose to a high of 0.7841 but the current rebound could be seen as a short term correction before the downtrend resumes as the outlook remains bearish as can be seen by the Ichimoku cloud which is falling. Also the 200-day moving is falling and this is a bearish signal. Prices [..]

Technical Analysis – AUDUSD downside bias remains

Posted on April 2, 2015 at 6:27 am GMT

AUDUSD continued its decline and touched a low of 0.7567 on Thursday. The downside bias accelerated after breaking below the kijun-sen and tenkan-sen lines. The pair is heading towards the multi-year low of 0.7559 and a break below this would open the path towards the next Fibonacci level of 0.7088 – this is the 78.6% retracement of the upleg from 0.6008 to 1.1078. To the upside, resistance lies at the bottom of the Ichimoku cloud at 0.7705 and above this [..]

Technical Analysis – AUDUSD resumes downside

Posted on March 30, 2015 at 6:43 am GMT

AUDUSD failed to break above the Ichimoku cloud and has been falling gradually from 0.7937 (the peak of March 24). This resistance level is where the 61.8% Fibonacci retracement lies (of the upleg from 0.6008 to 1.1078). A break below the multi-year low of 0.7559 would open the path towards 0.7088. This is the 78.6% Fibonacci retracement level. AUDUSD maintains a bearish outlook. The pair has been making lower highs and lower lows since the peak of 0.9400 in September [..]

Technical Analysis – AUDUSD consolidates near 6-year lows, bearish bias remains

Posted on March 17, 2015 at 8:11 am GMT

AUDUSD maintains a bearish bias in the long term but the short term bias is neutral. After falling to a near 6-year low of 0.7559 on March 11, the pair has been consolidating. To the upside the market is capped at the Feb 26 high of 0.7912. A break below the low of 0.7559 would open the path towards 0.7088. This is the 78.6% Fibonacci retracement level of the upleg from 0.6008 to 1.1078. The underlying bearish bias is highlighted [..]

Technical Analysis – AUDUSD neutral bias remains near 5 ½ year low

Posted on February 16, 2015 at 8:29 am GMT

AUDUSD continues its consolidation near a 5 ½ year low of 0.7625. Looking at the daily chart, the near-term bias is neutral – the kijun-sen has flattened out and lies close to the 61.8% Fibonacci retracement level of 0.7950. This is from the upleg of 0.6008 to 1.1078. The AUDUSD has been in a downtrend since the peak of 0.9400 in September 2014, so in the event of a bounce higher the pair will likely find strong resistance at 0.7950. [..]

Technical Analysis – AUDUSD moves another leg lower

Posted on February 12, 2015 at 7:46 am GMT

AUDUSD plunged down to 0.7642 on Thursday, approaching close to the 5-1/2 year low of 0.7625 that was reached on February 3. A break below this would open the way towards 0.7500. To the upside the market is capped at 0.7950 – the 61.8% Fibonacci retracement of the upleg from 0.6008 (Oct 2008 low) to 1.1078 (Sept 2011 high). The overall trend remains bearish as the market has been making lower peaks and lower troughs since the September 2014 high [..]

Technical Analysis – AUDUSD stalls downtrend at 5 ½ year low of 0.7718

Posted on February 2, 2015 at 8:26 am GMT

AUDUSD is hovering at a 5 ½ year of 0.7718 hit on January 29. The pair paused it downtrend that begun from 0.9400. The market is now at oversold levels as shown by the RSI which is below 30. This suggests some consolidation in the near term. In the bigger picture, the bearish trend looks like it is still in progress. The pair will likely resume its downside momentum after breaking 0.7718 and has scope to target 0.7086. This is [..]

Technical Analysis – AUDUSD pauses downtrend to test key 0.8000 level

Posted on January 28, 2015 at 8:28 am GMT

AUDUSD has made some recovery from a 6-year low of 0.7857 reached earlier this week and has since bounced to test the key 0.8000 level. This will prove to be an important resistance level. The pair managed to briefly breach this level early today to hit 0.8024. After the post-Australian CPI surge this morning, the pair has been consolidating and the intra-day bias looks neutral as indicated by the hourly RSI. However, in the bigger picture, the downtrend remains in [..]

Technical Analysis – AUDUSD back below 0.8200, cloud weighs

Posted on January 20, 2015 at 8:23 am GMT

AUDUSD has ended its retracement from 4-year lows. After peaking at 0.8294 last Thursday, the pair has been making lower highs to fall back below the key 0.8200 level. The market is below the daily Ichimoku cloud which is falling and highlights the underlying bearish trend. The kijun-sen line is just crossing below the tankan-sen and the RSI has dipped back below the 50 line back into bearish territory. Strong support is seen at 0.8031, the 4-year low hit on [..]

Technical Analysis – AUDUSD bearish below cloud, hovers at 4 -1/2 year low

Posted on January 2, 2015 at 7:54 am GMT

AUDUSD has been hovering at 4 – ½ year lows of 0.8086 hit last week. Looking at the daily chart, the falling tenkan-sen and kijun-sen lines are providing a cap to the market. 0.8214 was the recovery high earlier this week. A break below 0.8086 will see the next downside target at 0.7941. This is an important support level as it is where the 61.8% Fibonacci retracement level of the upleg from 0.6008 (2008 low) to 1.1078 (2011 high). It [..]

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