AUD/USD – Rebound Bullishness

January 12th, 2010 admin

Price action on AUD/USD, a daily chart of which is shown, has made a swift rebound after breaking down below a long-term uptrend in late November. This rebound has brought the pair close to the 15-month high around 0.9400 that was hit in mid-November. In the course of the recent bullishness price has broken out above several resistance levels, including a short-term downtrend resistance line extending from the 0.9400 high, and has tentatively defied speculation that a new downtrend is in the making. For more technical analysis on this currency pair, please


Originally posted on FXStreet

 
  Related Posts
AUD/USD – Testing Resistance
AUD/USD – Testing Resistance
Price action on AUD/USD, a daily chart of which is shown, continues to display some robust bullishness on its sustained rebound off the late-December low. This rebound has broken out above several resistance levels, including a short-term downtrend resistance line extending from the 15-month high around 0.9400 that was hit in mid-November. Currently,... 
USD/JPY – Retreat from Resistance in Downtrend
USD/JPY – Retreat from Resistance in Downtrend
After having hit a 4-month high at the top of a medium-term downtrend channel extending from the April 2009 high, price action on USD/JPY (a daily chart of which is shown) has respected that downtrend resistance by tentatively retreating. This medium-term downtrend channel resides within a larger, long-term downtrend channel extending from the... 
USD/CHF – Reaches Up to Long-Term Downtrend Line
USD/CHF – Reaches Up to Long-Term Downtrend Line
Recent bullish price action since mid-January on USD/CHF, a daily chart of which is shown, has brought price up to hit a key long-term downtrend resistance line extending from the November 2008 high. When the pair reached up to hit that significant trendline this past Friday, price momentum failed in its bullishness and tentatively retreated.... 
AUD/USD – Bearish Trend
AUD/USD – Bearish Trend
Price action on AUD/USD, a daily chart of which is shown, continues to languish in a sideways consolidation, although the last couple of weeks have been decidedly bearish for the pair. After price reached strong resistance around 0.9325 in mid-January (just shy of the 15-month high around 0.9400 that was hit in mid-November 2009), the directional... 
EUR/JPY – Potential Bearish Trend Continuation
EUR/JPY – Potential Bearish Trend Continuation
Price action on EUR/JPY, a daily chart of which is shown, has been entrenched in a relatively strong downtrend since the mid-January highs. In the process of this downtrend, several key support levels have been broken down, including key levels around the 127.00 and 125.00 price regions. After breaking swiftly and strongly below the 125.00 area... 
USD/CHF – On Verge of Potentially Breaking Resistance
USD/CHF – On Verge of Potentially Breaking Resistance
Price action on USD/CHF, a daily chart of which is shown, has consolidated in a tight, slightly bearish consolidation right underneath a key long-term downtrend resistance line extending from the 2008/09/10 high hit in November 2008. Since recently hitting this trendline in mid-February, price has bumped up against it several more times without... 
USD/JPY – Bullishness to Top of Downtrend Channel
USD/JPY – Bullishness to Top of Downtrend Channel
Recent bullish price action on USD/JPY, a daily chart of which is shown, has risen to approach dynamic resistance around the top border of a parallel downtrend channel that has been in place since the April 2009 high. In the process, the pair has established a new 5-week high. In the event that the bullish momentum continues on to break out above... 
EUR/USD – Bullish Retracement within Downtrend
EUR/USD – Bullish Retracement within Downtrend
Price action on EUR/USD, a 4-hour chart of which is shown, has made yet another bullish retracement within the context of the new overall downtrend. The current leg of this new downtrend extends from the January 13th high, and has formed a valid bearish resistance trendline. Within the context of this downtrend resistance line, price has made... 
USD/JPY – Price Breakdown within Downtrend
USD/JPY – Price Breakdown within Downtrend
Price action on USD/JPY, a daily chart of which is shown, has taken a decidedly bearish turn after having reached and respected last week the top border of a key parallel downtrend channel extending from the April high. The high that was reached on last week’s turn was just above the 92.00 price region. In the process of making this bearish... 
AUD/USD – Bearishness Reaches Key Range Support
AUD/USD – Bearishness Reaches Key Range Support
Price action on AUD/USD, a daily chart of which is shown, has descended back down to hit key support around the 0.8950 price region before retreating back up. This occurs within the context of an overall sideways consolidation, after price reached strong resistance around 0.9325 in mid-January (just shy of the 15-month high around 0.9400 that... 
  Related Tweets from Twitter
TheePurpleNinja (Dermott Henderson)  : FUCKING SUNTAN TIME. Except by suntan i mean geographicl analysis of beach. This place is rough on the soul. And i failed bio...
Updated : 2010-03-11T16:54:13Z   |  Reply  |  View Tweet
LearnQuest (LearnQuest)  : Project Summit & Business Analysis World http://learnquest.typepad.com/learnquest-blog/2010/03/project-summit-business-analysis-world.html..
Updated : 2010-03-11T16:53:53Z   |  Reply  |  View Tweet
marvindanig (Arvind Nigam)  : RT @pluggdin: Hygiene in UID Project [Technical Analysis] http://goo.gl/fb/dyHp #Pi #indiabusiness #indianitindustry..
Updated : 2010-03-11T16:53:53Z   |  Reply  |  View Tweet
SAFCOfficial (Sunderland AFC)  : Take a look at our video analysis now on safc.com as we examine Steeeeeed's role in the win over Bolton. SV..
Updated : 2010-03-11T16:53:46Z   |  Reply  |  View Tweet
forakin (Akin Akintayo)  : Facebook threatens to sue Daily Mail http://is.gd/adUAc The daily wail of absurd analysis that excites mass hysteria - really...
Updated : 2010-03-11T16:53:25Z   |  Reply  |  View Tweet
  Related News from Digg
No comments yet.

Spam Protection by WP-SpamFree

TOP