AUDUSD Forecast July 19, 2016, Technical Analysis
The AUDUSD pair gapped higher at the open on Monday, but then just sat there.
The AUDUSD pair gapped higher at the open on Monday, but then just sat there.
Last week’s bearish engulfing candle for gold on the weekly chart appears to have had some follow through at the start of the new trading week, as the precious metal fell victim to a renewal of risk appetite as most global equity markets made fresh monthly highs, and the S&P and DOW soaring into new high ground.
EURUSD has been trading inside a range, moving between support at 1.1035 and resistance at 1.1150. Price is currently testing support at the bottom of the range and seems ready for a bounce back to the top.
GBPUSD remains in downtrend from 1.5016, the rise from 1.2795 is likely consolidation of the downtrend.
EURUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.1616.
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The EURUSD pair broke to the upside during the day on Tuesday, but turn right back around to form a bit of a shooting star.
The AUDUSD pair broke out to the upside during the course the day on Tuesday, forming a very strong candle as we crashed into the 0.7650 level.
The EURUSD pair broke to the upside during the day on Tuesday, but turn right back around to form a bit of a shooting star.
The AUDUSD pair broke out to the upside during the course the day on Tuesday, forming a very strong candle as we crashed into the 0.7650 level.