AUDUSD Forecast January 5, 2016, Technical Analysis
The AUDUSD pair fell during the day on Monday, reaching towards the bottom of the ascending triangle that we have been trading in.
The AUDUSD pair fell during the day on Monday, reaching towards the bottom of the ascending triangle that we have been trading in.
Today’s Key Economic Data
If traders drifting back to their desks for the start of the new trading year were expecting a quiet start, Chinese economic news delivered a shock to global markets with the Caixin Manufacturing index coming in below expectation at 48.2 against a forecast of 48.9, with the Nikkei 225 falling almost 600 points to close at 18,450.98 on the release.
Today’s Key Economic Data
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds,
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend.
The USDJPY pair fell during the course of the session on Thursday, as we continue to grind our way down to the 120 handle.
Today’s Key Economic Data
Today’s Key Economic Data
Today’s Key Economic Data