Monthly Archives: April 2018

Coiling AUD/USD set for upside range expansion?

The AUD/USD has been coiling for a few weeks now. The bodies of the weekly candlestick bars have been getting smaller as price tested long-term support around 0.7650. This was formerly a major resistance level. In addition, it is also where a long-term bullish trend line comes into play. Thus, the…

Daily Technical Report 09 April 2018

EUR/USD is starting a consolidation phase, trading at 1.2280 and heading along the 1.2265 range. The pair is currently maintained between hourly support and resistance given at 1.2165 (17/01/2018 low) and 1.2506 (25/01/2018 high). The technical structure suggests sideways trading moves. • In …

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