Tag Archives: USD/SGD

The rally towards the key $0.9315-43 resistance region continues with the AUD/USD pausing ahead of the Ichimoku cloud base yesterday and Aug 19 high.

The close above the 21-DMA for the aussie sees focus shift to Aug 19s high with the Ichimoku cloud base noted below.

Despite briefly popping above the $0.8997 initial resistance level yesterday the AUD/USD failed to hold above and also failed to test the 21-DMA before dipping a little.

AUD/USD: Initial resistance remains at $0.8997 on the hourly timeframe with a close above needed to relieve the immediate bearish focus

AUD/USD managed an inside day on Thursday but continues to remain heavy following the failed attempt higher earlier in the week.

AUD/USD continues to remain heavy following the failed attempt higher earlier in the week.

The attempt higher for the AUD/USD to start the week briefly popped above the 21-DMA before heading lower to be little changed from Monday’s opening levels.

The $0.9050 level remains initial resistance for the AUD/USD to start the new week, but with the 21-DMA at $0.9070 we will look for

AUD/USD: The move lower in the pair paused ahead of the Aug 6 lows yesterday before recovering a little lost ground,

The move lower in the AUD/USD looks set to continue with focus firmly on retests of the 2013 low and the 21 day lower Bollinger band now starting to head lower once more.