Category Archives: AUD/USD

AUDUSD Triple Top Holding The Price

Nenad Kerkez

The light volume and lower volatility made AUDUSD possible trade bidirectionally. The initial rebound from 0.7050 made 30 pips initially as suggested on previous Session Recap webinar followed by a decline caused by investors dumping assets. Today’s FED’s chief Yellen testimony could be volatile and that is why I recommend caution. The testimony has been scheduled for 15:00 GMT. As head of the central bank, which controls short term interest rates, she has more influence over the nation’s currency value than any other person so pay attention to subtle clues about future monetary policy. more…

More Weakness Ahead On AUDUSD

Gregor Horvat

AUDUSD is finally turning lower with a very aggressive and impulsive price action from 0.7384 where pair might have reached a top of wave 4) if we consider also a broken channel support line of wave C. As such, traders must be aware of even more weakness in days ahead, especially after black wave 2 pullback that can be very interesting for shorts. more…

AUDUSD : Correction Within Downtrend

Gregor Horvat

AUDUSD stays bearish as rally from 0.6900 was made in three waves, but based on latest price action we suspect that wave 4) will be much more complex than at first sight. We are looking at a triangle now that is placed within a downtrend of a blue wave (5) that will extend to around 0.6700 by the end of the year. After that we will look for a bullish reversal that could take place in 2016. more…

AUDUSD Bears Are Patiently Waiting

Nenad Kerkez

The AUDUSD has had a relief rally after the RBA decided to keep the rates at 2 %. The RBA indicated at the start of 2015 that it wanted to achieve 0.75 for the AUDUSD pair; currently it has surpassed this achievement as it is currently at 0.7200. As I have also explained 2 days ago on that basis, I doubt the RBA will cut rates further. Having said that, if commodities continue to weaken further, expect AUDUSD to weaken further under free markets. more…

AUDUSD : Price Trading Near Channel, More Gains Could Follow

Gregor Horvat

AUDUSD is trading higher after no change in rates from the RBA members. Price rallied nicely up to 0.7200, now trading at resistance line of a corrective channel where successful breakout with a daily close around 0.7250 would put bullish prices back in play. In that case we will look back towards 0.7400 as decline from October highs would be treated as a completed correction. more…

AUDUSD Is At New Low, Targeting 0.7200

Gregor Horvat

AUDUSD is at new low after the pair completed fourth wave pullback, but earlier than we thought. However, our main focus was for a continuation down to lower levels which are now coming in play as pair already trades in wave 5 of 3) that can be targeting 0.7200 soon. Based on the lasts price action we expect a bounce next week again into a fourth wave of a larger degree. more…