The AUDUSD is rallying in today’s Asia morning on the 730pm EST release of Australian employment data, adding to yesterday’s bounce off uptrend support (on the 4hr chart). Significantly, although the AUDUSD remains within a downtrend (on the weekly chart), a daily close above triangle resistance (on the daily chart) would dramatically increase odds for a test of the weekly chart downtrend resistance in the week after…
Tag: AUDUSD
EURUSD Breaks Weekly Chart Downchannel Resistance
The EURUSD is consolidating in today’s Asia morning after yesterday’s roughly 100 pip gain from the day’s low to its high. Significantly, the EURUSD has broken above the December high and downchannel/descending wedge resistance (on the weekly chart)…
AUDUSD Weekly MACD Trying to Positively Cross
The AUDUSD is consolidating near its December high after yesterday’s near 100 pip rally from the intraday low to high. Significantly, although the AUDUSD will have to break downchannel resistance (on the weekly chart) to halt the downtrend since late February, odds are moderately high for a rally towards downchannel resistance by January sometime…
AUDUSD Bounces Off Key 0.70 Level
The AUDUSD is consolidating after a 3 day bounce to its December high. Significantly, the AUDUSD has broken above a month long downtrend resistance (on the daily chart) and is trying to bounce off just above downchannel support (on the weekly chart)…
AUDUSD Hesitating Ahead of FOMC, NFP
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AUDUSD 2 Month Ascending Wedge Nearing Complete
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USDCAD 2 Month Triangle Nearing Completion
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USDCAD Daily MACD Trying to Positively Cross
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AUDJPY 5 week Ascending Wedge Nearing Completion
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AUDUSD Nearing 50% Fib Retrace of Jan-Mar Slide
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