audusd

Democrat Joe Biden was sworn in as the 46th president of the United States on Wednesday. In his inauguration speech, Biden emphasized the importance of national unity, public service, and racial equity. EQUITIES Wall Street ended at a record high on Wednesday on hopes of further fiscal...

Lack of USD liquidity continues with Thanksgiving holiday while the commodity currencies, the Australian and New Zealand dollar surged to fresh session highs. On the other hand, GOLD and oil price trading unchanged due to shorted trading day.

Dollar Index Support: 92.80 and 92.20 Resistance: 93.55 and 94.10 EURUSD Support: 1.1760 and 1.1690 Resistance: 1.1860 and 1.1920 AUDUSD Support: 0.7160 and 0.7100 Resistance: 0.7245 and 0.7285 GOLD Support: 1908 and 1880 Resistance: 1952 and 1975

Important trading levels to watch ahead of US retail sales and industrial data: GOLD Support: $1940 and $1920 Resistance: $1960 and $1980 EURUSD Support: 1.1770 and 1.1710 Resistance: 1.1860 and 1.1915 GBPUSD Support: 1.3040 and 1.3000 Resistance: 1.3100 and 1.3130 AUDUSD Support: 0.7110 and...

EUR/USD climbed to a fresh year high of 1.1545 on Tuesday. The currency gained after the EU leaders reached a deal on a coronavirus recovery package worth €750 billion and the pair also supported by the weaker dollar. The dollar index dropped to its lowest since early March on Wednesday during...

AUD/USD bounced higher to 0.6963 with US stock futures. A pullback here would be nice. If the price breaks below 0.6920, it will give us a bearish signal. On the upper side, if the price break above 0.6985 will open doors to June 10 high at 0.7069.

Commodity currencies AUD & NZD falls to fresh session low after the dollar renewed upside momentum. The important levels to watch this week: AUD/USD: 0.6740/0.6660 and 0.6860/0.6920 NZD/USD : 0.6350/ 0.6300 and 0.6440/0.6480

Australian dollar retreated from two weeks high 0.6560 to 0.6535 after the rumours about China expected to announce tariff on some Australian agriculture products. The Important levels to watch for this week: Support: 0.6490 and 0.6440 Resistance: 0.6575 and 0.6650

Market sees no short-term solution to combat the virus, short USD/JPY at peak US equity futures slid, and bonds rallied after the Federal Reserve slashed its benchmark interest rate to near zero, a sign that investors remain worried that the coronavirus will fuel a recession even with...

Last time i checked AUDUSD out we saw the push up from the lower demand level . I didnt enter as i wanted it to break above and retest the blue circle area before the next push up. But now i believe this time i will enter the market lower. If price comes back down and holds the support level of...

EUR/USD Setting Up for a Rotational Day, 1.1570 & 1.1630 Extremes to Exploit VOLUMES & CORRELATIONS (H4) The first test of a macro resistance exhibited bearish dynamics to reverse a 3-day long bounce, and while the rejection was quite commanding for the interest of sellers, buyers were lined...

AUDUSD rebounded from 0.7818 after touching the rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 0.7732. Further rise to test 0.7897 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be...

AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.8102. As long as the price is below the trend line, the bounce from 0.7732 could be treated as consolidation of the downtrend. Further decline could be expected after the consolidation and next target...

AUDUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 0.8102 is complete. Further rally to test 0.7860 resistance could be expected in the coming days. A break through this level would confirm that the downtrend had competed at...

AUDUSD continued its downside movement from 0.8102 and the fall extended to as low as 0.7795. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the pair is in the channel, the downside movement could be expected to continue and next target would...

AUDUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 0.7807. As long as the price is in the channel, the pullback from 0.8124 could be treated as consolidation of the uptrend. Near term resistance is at 0.8050, a break above this level would indicate that...

AUDUSD remains in the uptrend from 0.7807, the fall from 0.8124 is likely consolidation of the uptrend. Near term support is located at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside movement could be expected to continue and next target...

AUDUSD failed to break below 0.7866 support and moved sideways in a trading range between 0.7866 and 0.7995. As long as 0.7866 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7807 and further rise to test 0.8065 resistance is still possible after the...

AUDUSD extended its downside movement from 0.8065 to as low as 0.7807, facing the bullish trend line on its daily chart. A clear break below the trend line support could take price to next support level at around 0.7700. Near term resistance is at the top trend line of the price channel on the...

AUDUSD extended its downside movement from 0.8065 to as low as 0.7838 after failing in the attempt to break above the bearish trend line resistance on its 4-hour chart. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 0.7800...