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Elliott Wave Analysis on AUDUSD and NZDUSD

AUDUSD AUDUSD is currently falling from highlighted resistance levels (around the formal wave four) as displayed on the chart. We marked the highs of this pullback as the black wave 4 so the pair should move lower to complete wave 5 sequence in the...

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Elliott Wave Analysis on USDJPY and AUDUSD

USDJPY As expected USDJPY hits 110.67 level which was our minimum upward objective last week, based on the projection for a third wave up that we marked it as wave C or wave 3. For now it can still be a little early to confirm if the rally up is corrective ...

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AUD/USD holding below 7145/40, negative trend

AUDUSD holding below 7145/40 is more negative & targets support at 7110/05. This is probably the best of the day but longs need stops below 7080. A break lower however targets 7060 then minor support at 7035. If we continue lower look for short term trend ...

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AUD/USD: Longs need stops below 7080

AUDUSD holding below 7145/40 as I write which risks a slide to first support at 7100/7095. This is probably the best of the day but longs need stops below 7080. A break lower risks a retest of support at 7035. First resistance at 7140/45 but above here re ...

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U.K. Construction Eying Fourth Quarter Recovery

The full RBA statement can be found here. AUDUSD Rallies on RBA Announcement But Unlikely to Break 0.73 The Aussie dollar was quite volatile against the greenback around the announcement but has since found stability back around 0.72 and appears to be ...

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AUDUSD: Failure to beat first resistance at 7137/42

AUDUSD key to direction is of course first resistance at 7137/42. Watch for a high for the day here again but shorts need stops above 7165. A break higher however targets very strong resistance at 7185/90 for an excellent selling opportunity, with stops ...

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AUDUSD on a brink to give a reversal?

The above graph shows the weekly chart of AUDUSD from June 2014 till date. Australian Dollar has surged from the lows of 0.7626 to 0.79 levels marking one month high, prices have bounced on the back of upbeat economic data from China. The commodity ...

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