bearish engulfing — News Archive

The Australian dollar versus the US dollar currency pair is at an important resistance area, but the bulls are very determined. The clues for which path the price will take lie in a few details.

By confirming 76.00 as resistance and revisiting 74.96 the price opens the door to very interesting possibilities.

The Australian dollar versus the US dollar is just in the right spot for the bears to begin a new descent.

The Australian dollar versus the Canadian dollar currency pair declined sharply and the first signs of slowing down occurred only around the 0.9222 support level.

The Australian dollar versus the Japanese yen currency pair followed its course after confirming the 80.54 resistance and dropped to the 77.47 support, an area from which it has to decide where to go next.

The failure of the Australian dollar versus the US dollar currency pair to gain more ground after the rally to 0.7200 resulted in a drop that sent the price back into the descending channel. But still, the bulls could be more motivated than ever.

The Canadian dollar versus the Japanese yen dropped from 83.81 after a failed attempt to confirm the level as a support.

The US dollar versus the Japanese yen dropped after reaching the important 112.20 resistance area and printed a clear bearish engulfing that just might change the expected outcome.