The Australian dollar versus the US dollar currency pair recovered yesterday, October 16, after it almost touched the 0.6700 level, thus signaling that the sellers may dissipate.
Technical analysis of the news events that affect the course of the exchange rates helps traders by complementing the normal fundamental view of the situation. The posts below will be useful to get the understanding of the important exchange rate levels for currency pairs, which can then be used for calculating entry and exit points for trading based off the actual Forex news.
Technical Analysis News Archive
Bulls Preparing to Head for 0.6800 on AUD/USD
October 17, 2019 at 8:38 Australian Dollar, Technical Analysis, US Dollar
NZD/CAD Breached the Weekly Level of 0.8344
October 16, 2019 at 9:12 Canadian Dollar, New Zealand Dollar, Technical Analysis
The New Zealand dollar versus the Canadian dollar currency pair did not manage to sustain the gains above the 0.8344 level.
GBP/CAD on Its Course to Confirm 1.6620 as Support
October 15, 2019 at 9:57 Canadian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Canadian dollar currency pair appreciated beyond 1.6620, which is an important support that recently turned into resistance. Will it be able to turn back into support?
Megaphone on AUD/CAD in the 0.9000 Key Area
October 14, 2019 at 16:59 Australian Dollar, Canadian Dollar, Technical Analysis
The Australian dollar versus the Canadian dollar currency pair printed a megaphone in an area from where a rotation could decide the fate of the pair for the next few months.
AUD/USD Might Prepare to Rotate from 0.6700
October 10, 2019 at 9:50 Australian Dollar, Technical Analysis, US Dollar
The Australian dollar versus the US dollar currency pair seems to be trying to depart from the important 0.6700 support level.
AUD/NZD Is Approaching the Interesting Area of 1.0640
October 9, 2019 at 12:33 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair is in a throwback phase that has 1.0640 on its course.
GBP/CAD at the 1.6413 Sweet Spot
October 7, 2019 at 5:05 Canadian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Canadian dollar currency pair seems to have confirmed some relevant areas and as a consequence is about to begin a convinced movement.
Last Call for the Bulls on USD/JPY from 106.92
October 2, 2019 at 19:37 Japanese Yen, Technical Analysis, US Dollar
The US dollar versus the Japanese yen currency pair dropped after a very nice rally, putting in danger the possibility of further appreciation.
AUD/USD Is Testing the 0.6700 Support
October 1, 2019 at 16:46 Australian Dollar, Technical Analysis, US Dollar
The Australian dollar versus the US dollar currency pair dropped after confirming the resistance of 0.6858, but it seems that it has a hard time breaching the support of 0.6700. However, will 0.6700 stand yet again?
CAD/JPY Trying to Secure 81.38
September 30, 2019 at 19:07 Canadian Dollar, Japanese Yen, Technical Analysis
The Canadian dollar versus the Japanese yen currency managed to oscillate above 81.30 and confirmed it with the low of September 30.