AUD/USD has broken through a line of 0.6769 and suggests a possible movement to 0.6813 within the next 22 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]

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AUD/USD has broken through a resistance line of a Triangle and suggests a possible movement to 0.6795 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]

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By: Dima Chernovolov AUD/USD recently reversed up from the bottom of the 4-hour Down Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Descending Down Channel at the 7-bar level – which reflects the sharp Initial Trend (10 bars), low Uniformity (2 bars) and strong Clarity (8 bars). AUD/USD […]

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By: Dima Chernovolov AUD/USD continues to fall inside the hourly Down Channel chart pattern which was identified previously by Autochartist. Autochartist rates the quality of this Down Channel at the 5-bar level – which reflects the slow Initial Trend (4 bars), below-average Uniformity (4 bars) and strong Clarity (8 bars). AUD/USD is expected to fall […]

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Those of you that are trend followers are probably eagerly watching AUD/USD to see if its latest 1.89% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 9 days move. Did you know that our social media feeds are updated only 3x per day, and […]

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