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  1. Australian Dollar in Bear Market Rally

    by , 06-09-2019 at 09:52 AM
    The Australian Dollar is retesting support-turned-resistance marking the underside of a broken Descending Triangle chart formation in the 0.6978-0.7021 area. Prices bounced after finding support above the 0.68 figure, marking a bottom with the formation a bullish Morning Star candlestick pattern and a break of trend line resistance set from the mid-April swing high.

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    A push beyond this barrier would cast doubt on the Triangle breakoutís ...
  2. AUD Technical Analysis Overview

    by , 02-22-2019 at 02:36 PM
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    AUDUSD failed to make a convincing break above the descending trendline yet again. The pair currently holding the 0.7100 handle after a somewhat excessive move to the downside. Key support situated at the 0.7067, which marks the 23.6% Fibo level. Momentum indicators remain bearish; however, this has eased in recent sessions, which in turn could see slight stabilisation in the near-term. On the topside, resistance is at 0.7180-0.7200.

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  3. AUDUSD - Daily Bearih Reversal

    by , 12-06-2018 at 10:23 AM
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    The AUDUSD price is now close to support from the lower bound of a rising channel that has been in place since late October. It is also sitting on the 20-day moving average and is not far above the 50-day and 100-day moving averages, suggesting that any further near-term downside is limited.

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    This all suggests that a move closer to the top of the channel is a possibility in the next few days even ...
  4. AUD/USD Technical Analysis: Aussie Downtrend

    by , 10-17-2018 at 10:34 AM
    The Australian Dollar has tepidly recovered to challenge trend resistance guiding it lower against its US counterpart since late January. That barrier is now in the 0.7136-0.7210 area. A daily close above that would neutralize the near-term bearish bias and initially expose the September's swing highs in the 0.7304-15 zone.

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    Alternatively, a turn back below the October 8 low at 0.7041 sees the next significant barrier at 0.6900, the September ...
  5. AUD/USD Technical Analysis: Support remains near 0.73

    by , 07-19-2018 at 12:09 PM
    The Australian Dollar continues to struggle for near-term direction near the 0.74 figure against its US counterpart but the dominant trend remains firmly bearish. The series of lower highs and lows established in late January from double top resistance above 0.81 continues to define price action.

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    From here, a daily close below chart inflection point support at 0.7335 opens the door for a challenge of double bottom support in the 0.7145-65 ...
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