The Australian dollar has rallied early during the trading session on Thursday, to test not only the 50-Day EMA, but also the 200-Day EMA indicator.
During the Wednesday session the Australian dollar continued to struggle with the idea of breaking above the 50-Day EMA, as well as the 200-Day EMA.
The Aussie continues to make a lot of noise on Tuesday as it looks likely to rally a bit. However, there are a lot of barriers above that will continue to be a major issue for bulls.
The Aussie dollar has gone back and forth during the session on Monday, as it was noisy due to a lack of liquidity, with the Americans celebrating President’s Day.
The Aussie dollar initially fell during the course of the trading week only to turn around and form a bit of a hammer at the crucial 0.65 level.
The Australian dollar continues to fight a lot of downward pressure, and Friday did see a little bit of resilience pop into the marketplace as we continue to fight the current. This is akin to a fish trying to swim upstream.
The Australian dollar has rallied a bit during the trading session on Thursday as we continue to recover.
The Aussie bounced nicely during the early hours on Wednesday, as the markets recovered from the surprise CPI figures on Tuesday.
The Australian dollar has bounced a bit during the trading session on Tuesday, as we have seen a lot of noisy behavior with the 0.65 level as being a bit of a program for price.
The Aussie dollar was noisy during the session on Monday, as the market continues to see the 0.65 level as an area of importance.
The Australian dollar has been bouncing around near the 0.65 level over the last several sessions, as we continue to test the bottom of the overall range.
The Aussie has been a bit noisy as of late, and Thursday wasn’t any different as we are looking for the bottom of the range at the moment.
The Aussie dollar initially did try to rally during the trading session on Wednesday, but has given back gains.
The Aussie looks a bit vulnerable on Tuesday as the market is prepping for a potential breakdown at this point.
The AUD/USD pair looks as if it is trying to break down now, as the US dollar has seen a lot of strength over the last few sessions.
The Australian dollar continues to fall overall, looking for the bottom of the range that we have been in. Ultimately, I think the 0.65 level will continue to be a major factor in this market going forward.
The Australian dollar had a little bit of a selloff during the Friday session, and the jobs number in the United States came out much hotter than anticipated.
The Aussie dollar has been fairly negative during the trading session early on Thursday but we are approaching a crucial level in the form of the 0.65 level that I think will have a lot to say.
The Australian dollar has dipped multiple times against the US dollar over the last several weeks, and we did so again during the early hours of Wednesday.
The Aussie dollar initially tried to rally during the trading session on Tuesday but gave back gain as the 50-day EMA has offered a bit of a barrier.