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Author Archives: AUD Editor

AUD/USD Bull-Flag Breakout in the Works

Technical Outlook: AUDUSD rebounded off confluence support today at the lower parallel of this formation extending off the May & June lows. Note that this level also converges on the 50-line of the broader 2016 pitchfork formation. Join Michael on ...

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AUD/USD keeps rising, eyes 0.7900

AUD/USD gained momentum after the beginning of the American session and climbed, breaking above previous highs. The pair bounced at 0.7850 and rose to 0.7892, hitting a 2-day high. Currently, the pair trades at 0.7885, up 65 pips for the ...

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AUD/USD Throwback

Price increased significantly today and now is retesting the median line (ML) of the major ascending pitchfork. It has erased the yesterday’s losses, even if the USDX stays higher. Could drop again if the US data will come in better ...

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