After a long, dry spell, I’ve had several requests this week for charts for AUDUSD. Given the USD’s weakness of late, this seems like a good time to dust off some very old charts. In April 2017, we noted that the pair was at important support – its SMA200. If it held, it was in … continue reading →
Tag Archives: AUDUSD
The chief elements of the AUDUSD long-term chart are its channels. Over the past several years, AUDUSD has been a pretty good reflection of equity market performance. continued for members… … continue reading →
AUDUSD can be viewed as having dropped into a long term channel back in 1997. As its 2011 efforts to break out indicate, any significant upside will be limited by that channel. It now sits at a critical juncture — the last fan line coming off the 2008 lows is the only thing standing in … continue reading →