Tag Archives: AUD/JPY

AUD/USD: Dip Back To $1.0290 Favoured. The AUD/USD continues to fail ahead of the Oct 18 highs with a close above needed to see a bullish focus maintained that has potential for a retest of Sept monthly highs.

AUD/USD: Struggling Ahead Of Oct 18 High. The AUD/USD has had another bounce towards the Oct 18 highs but has again failed to close above which is needed to retain topside focus.

AUD/USD: Layers of Support Noted. The AUD/USD continues to look heavy following the recent failures to test the Oct 18 highs but with the 21-DMA ($1.0286), rising daily channel base and the pivotal $1.0290 level supporting, we will continue to look for a close below to return focus to retests of the Oct monthly lows.

AUD/USD: $1.0290 Remains Pivotal. The AUD/USD confirmed the significance of the $1.0290 support level to end last week with the pair bouncing back towards the Oct 18 highs.

AUD/USD: Focus Returns To Oct 18 Highs. After heading higher once more the AUD/USD found support on a dip back to the $1.0290 level which again becomes initial support.

AUD/USD: Below $1.0290 Shifts Focus Lower. Last week’s move above the 200-DMA has been reversed with the break and close back below the pivotal $1.0290 level confirming.

AUD/USD: $1.0290 Remains Key. Although AUD/USD remains heavy it does continue to remain above the key $1.0290 support level with the 100-DMA noted around the $1.0305 level.

AUD/USD: $1.0290 Support Seen As Pivotal. The close back below the 200-DMA to end last week doesn’t bode well for the current move higher but we continue to look for a close below the $1.0290 support as confirmation of a false break higher last week.

AUD/USD: Dipping Back Towards 200-DMA. Following the break to fresh three-week highs, AUD/USD is dipping back towards initial support noted at the 200-DMA although a close below the $1.0290 support is needed to confirm a false break above the 200-DMA.

AUD/USD: Closes Above 200-DMA. With a close above the 200-DMA needed to shift focus higher the pair now turns its immediate attention to the falling 21 day upper Bollinger band coming in around $1.0510 today.