AUD-USD News & Articles
Last night the Reserve Bank of Australia Governor Philip Lowe revealed they may cut interest rates in the coming months. Currently, the official cash rate is at 1.50 percent. The announcement sho
The following charts show the fibonacci levels based on the monthly charts. Fibonacci levels are important because they typically provide support and resistance areas.
The Aussie dollar is closely linked to the fortunes of China and the Chinese Yuan. Lately, that relationship has made for a fairly rough outlook.
Most of the forex majors may be testing prior highs or lows this week and a reveral is possible on several of the major currencies. Additionally, the Bank of Canada will announce their rate statem
Today, at 2pm New York time the FOMC minutes will be released. Traders will be analyzing the minutes for clues as to if the FOMC is still planning on raising interest rates a final time this year.
There are potential divergences on many forex pairs this morning but they need to be confirmed with candlestick patterns. The candlestick patterns will potentially either confirm a divergence patt
The Multicharts Scanner has the ability to show multiple symbols and timeframes within one window. For example, the AUDUSD is likely oversold on the 360, 720, and daily timeframes and has long vol
Although the AUDUSD and USDCHF are slower moving currencies, they also tend to stay in a trend longer. With the quad FOMC announcement tomorrow, these two currencies may retest the high or low pri
Sever of the major currencies are either range bound or testing their prior highs or lows, at the moment. Additionally, both the British Pound and the Euro have rate announcements on Thursday morn
The AUDUSD daily chart has been moving in a downward pattern since February of this year. Over the course of the last few trading days, price has managed to retrace up to the ATR on the daily char
The AUDUSD, USDCAD, and USDCHF have price patterns that are developing on the higher timeframes that may potentially identify where price will be going later in the week.
If trading divergences, there are basically two main types of divergences - regular and hidden divergence. Regular divergence is when price makes a higher high but the oscillator makes a lower hig
Asian markets were rocked last night by the news the US President was releasing details on a new round of tarrifs to levy against China.
With ten forex pairs to look at and trade, deciding which forex pairs to focus on for a trade setup can be overwhelming at times. However, if using a scanner type program, scanning for which marke
As the second half of the year gets ramped into full swing, we expect a positive non-farm payroll report that should be constructive for the dollar, and slightly better than equity market expectati
The Non-Farm Employment Change is typically released the first Friday of the month at 8:30 am New York time. For forex traders, it is one of the most volatile market reports of the month. However
The AUDUSD pair has been under significant pressure lately, and we see a bearish case devloping quickly that could thrust the pair into much lower terrain.
Support typically works to hold price up and provide the momentum for the next move. Currently on the 240-minute chart, both the AUDUSD and USDCHF are at support areas. The important question is
Typically, after a significant move either to the upside or downside, markets need to pullback (or retrace) to fuel another potential move. Today, could be the day these markets retrace:
Currently there are five currencies that may be developing a three bar pivot candlestick pattern on the weekly charts. A three bar pivot candl
Markets tend to move with support and resistance and this is especially true of the forex market. Once price moves up, then it is likely to test for support to further fuel another upward move. I
It has been quite a week for the dollar, and it is easy to see how events from this week are in place to be the main trading themes for next week.