AUDUSD Forecast February 11, 2015, Technical Analysis
The AUD/USD pair fell during the course of the session on Tuesday, as we continue to meander around the 0.7750 handle.
The AUD/USD pair fell during the course of the session on Tuesday, as we continue to meander around the 0.7750 handle.
The AUDUSD pair gapped lower at the open on Monday, but then turned back around to rally and form a bit of a shooting star as some of the gains were given back.
The AUDUSD pair tried to break out to the upside on Friday, but then turned back around at roughly 0.79 to form a bit of a shooting star.
The AUDUSD pair fell slightly during the session on Monday, but as you can see really didn’t go anywhere.
The AUDUSD pair rose during the course of the session on Wednesday, but gave back a little bit of the gains as you can see.
AUDUSD broke above 0.8214 resistance, indicating that consolidation of the downtrend from 0.8910 (Oct 29, 2014 high) is underway.
The AUDUSD pair as you can see broke higher during the session on Monday, but turned back around to form a shooting star.
AUDUSD remains in downtrend from 0.8795, the rise from 0.8087 is likely consolidation of the downtrend.
The AUDUSD pair fell during the session on Monday, but we remain within the consolidation area that we have been stuck in.
AUDUSD remains in downtrend from 0.8794.