• Head And Shoulders Breakdown On The AUDUSD?

    Head And Shoulders Breakdown On The AUDUSD?

    The AUDUSD pair looks to have been in the process of breaking down from a head and shoulders (kilroy) pattern as seen in its daily chart. Notice that the pair neckline lines up pretty well with its previous resistance at 0.9300. Hence, if the pair manages to close below the said level, then it may

  • Will The 0.9200 Handle Hold For The AUDUSD?

    Will The 0.9200 Handle Hold For The AUDUSD?

    The Australian dollar has rallied against the US dollar all the way up to 0.9200 since falling to a low of 0.8900. As you can see from its chart, the 0.9200 marker has previously been tested as a solid resistance. Given this, the aussie may find some selling at this level which may then lead

  • Possible Bounce On The AUDUSD

    Possible Bounce On The AUDUSD

    The Australian dollar may once again bounce versus the US dollar as the AUDUSD pair finds some support at its previous resistance at the 0.9200 level. As you can see from its 1-hour chart, the AUD/USD pair has retraced back to the 0.9200 marker after rising recently to 0.9260. A presence of a hidden bullish