AUDUSD

Technical analysis – AUDUSD bearish below 0.9200

Posted on September 11, 2014 at 12:25 pm GMT

AUDUSD has broken the key support area define by the psychological level at 0.9200 and the 200-day moving average at 0.9181 which also happens to be the 38.2% Fibonacci retracement level of the 0.8659 to 0.9503 upleg. This level is now key resistance. Next daily support comes in at 0.9082, the 50% Fibonacci retracement level. The market structure is bearish based on the technicals. The tenkan-sen and kijun-sen lines are negatively aligned, while the RSI and MACD have fallen into [..]

Technical Analysis – AUDUSD, 4-hourly: Aussie range-bound, struggling to find direction against USD

Posted on September 4, 2014 at 8:09 am GMT

The Australian dollar has been the best performing developed country currency of the year-to-date, rising by 4.7% against the greenback. However, that rally took place between January and mid-April earlier in the year and the aussie has since been marking time more or less, as two attempts to overrun the 0.9450 – 0.9500 level have failed. For the past 5 weeks, the aussie has spent time between the 0.9240 level on the downside and 0.9370 and those would be key [..]

Technical Analysis – AUDUSD bearish below 0.9400

Posted on August 6, 2014 at 10:01 am GMT

AUDUSD has fallen back below the key psychological support level of 0.9400 and is trading below the daily Ichimoku cloud, which adds to the bearish market structure. The pair is consolidating around the 23.6% Fibonacci retracement level of the 0.8659 – 0.9503 upleg (January to July). This level comes in at 0.9305. The 100-day moving average is capping the market. Meanwhile, the cloud bottom a 0.9351 acts as immediate resistance to the upside. The break of support at 0.9274 (August [..]

Technical Analysis – AUDUSD possible bearish head and shoulders pattern

Posted on July 18, 2014 at 8:21 am GMT

AUDUSD has found support at the lower Bollinger Band at 0.9330 on the daily chart. This is a key level since it is the base of a possible head and shoulders pattern. If this level doesn’t hold, then further downside will lead prices towards the 200-day moving average at 0.9202. A shift in the bearish structure would occur if prices break above resistance at the middle Bollinger Band at 0.9401. Further resistance stands at 0.9455 and 0.9505. Currently RSI is [..]

Technical Analysis – AUDUSD neutral trend on daily

Posted on June 26, 2014 at 6:38 am GMT

AUDUSD is hovering around the key 0.9400 level and has been consolidating around this level since the past two weeks. The trend on the daily chart has overall been neutral since early April when the pair hit a 7-month high of 0.9460. Prices remain in the upper Bollinger Band and well above the 200-day moving average, while the RSI remains positive above 50, keeping the bullish bias intact. A close below the 0.9200 level could shift the bias back to [..]

Technical Analysis – AUDUSD back below 0.94

Posted on June 18, 2014 at 7:11 am GMT

AUDUSD has turned back down after peaking at 0.9436 and is approaching the mid-Bollinger Band around the key 0.9300 level on the daily chart. RSI is close to 50 and the stochastic has crossed below its signal line, adding to the downside bias. A re-test of the bottom of the recent 0.9200 – 0.9460 trading range seems likely in the near-term. Important support levels come in at 0.9200 and 0.9153 – the area which includes the 200 day moving average [..]

Technical Analysis – AUDUSD looking bearish (4H)

Posted on June 4, 2014 at 8:46 am GMT

AUDUSD has drifted back to the middle Bollinger Band on the 4-hour chart and is hugging the 23.6% Fibonacci retracement level of upleg from 0.8659 (January 24 low) to 0.9460 (April 10 high) at 0.9270. The U.S dollar strength is capping any upside move at the key psychological level of 0.9300. To the downside, support is seen at 0.9209 (May 21 low). RSI has just risen into bearish territory above 50. Clearer technical signals are needed. But the bias tends [..]

Technical Analysis – AUDUSD falls into Ichimoku cloud

Posted on June 2, 2014 at 6:49 am GMT

AUDUSD fell back into the Ichimoku cloud today on worse – than – expected Australian building approvals. The daily Tenkan-Sen and Kijun-Sen remain negatively aligned, and the RSI turned negative, all adding to the overall bearish market structure. Prices have fallen just below the 23.6% Fibonacci retracement level of the upleg from 0.8659 (January 24 low) to 0.9460 (April 10 high). The scope is to target support at 0.9204, a level that has been tested a few times. Below this [..]

Technical Analysis – AUDUSD bearish after entering cloud

Posted on May 21, 2014 at 8:29 am GMT

AUDUSD is bearish and has entered into the Ichimoku cloud after breaking below key support at 0.9330. Technical indicators show potential for further downside on the daily chart – tenkan-sen and kijun-sen are negatively aligned and the RSI has fallen below 50. Prices are at 0.9230 after having broken below the 23.6% Fibonacci retracement of the upleg from 0.8659 (January 24 low) to 0.9460 (April 10 high). The key support zone is found between 0.9150-70 and a break below this [..]

Technical Analysis – AUDUSD steady above 0.9200

Posted on May 6, 2014 at 7:23 am GMT

For the past 2 weeks, AUDUSD has been gyrating the 23.6% Fibonacci retracement level (0.9271) of the upleg from January 24 (0.8659) to April 10 (0.9460). Technical indicators are mixed and are not showing a clear direction at the moment on the daily time frame. The RSI is flat on the 50 level. The 50-day moving average has crossed above the 200-day moving average, which is usually a bullish signal. The market is above the Ichimoku cloud, which is also [..]

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