Month: July 2016

AUDUSD – Daily Chart The AUDUSD is nearing a clear trend resistance line. Price looks like it is struggling to reach the most recent swing high and may not be able to move higher. The moving averages have just crossed bearish, suggesting that the selling momentum is increasing. There could be a selling opportunity …

AUDUSD – 1 Hour Chart The AUDUSD is currently retracing after a recent bullish run. The moving averages continue to look bullish, suggesting that bullish momentum may continue and that we could see the major sell-off from the EU referendum results fully recover. Buying opportunities could exist around the bullish …

AUDUSD – 1 Hour Chart The AUDUSD opened at the trend support line identified in Friday’s chart analysis and has moved higher. Price has closed above the horizontal resistance and psychological level at 0.7500. The moving averages have tightened slightly but continue to look bullish. There could be AUDUSD buying opportunities if price tests …

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD has been moving higher since the bullish cross of the moving averages. Price also found support at the shorter-term moving average. The bullish moving averages continue to widen, suggesting that the bullish move may continue. Potential buying …