AUDUSD Daily Analysis – October 27, 2014
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8898.
FXA
AUDUSD Forecast October 24, 2014, Technical Analysis
The AUDUSD pair tried to rally during the course of the day on Thursday, but found the 0.88 level be far too resistive and therefore turned back around and form a shooting star.
AUDUSD Forecast October 23, 2014, Technical Analysis
The AUDUSD pair tried to break out above the 0.88 level yet again, but on Wednesday found the sellers more than willing and up to the task of keeping the markets down.
AUDUSD Forecast October 21, 2014, Technical Analysis
The AUDUSD pair did almost nothing during the session on Monday, testing the 0.88 level above for resistance.
AUDUSD Daily Analysis – October 20, 2014
AUDUSD stays in the trading range between 0.8642 and 0.8898.
AUDUSD Forecast October 17, 2014, Technical Analysis
The AUDUSD pair fell during the course of the day on Thursday, but found enough support to turn things back around and form a hammer.
AUDUSD Forecast October 16, 2014, Technical Analysis
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the 0.88 level but not clearing the resistance above.
AUDUSD Forecast October 15, 2014, Technical Analysis
The AUDUSD pair fell hard during the course of the day on Tuesday, showing the 0.88 level as been resistance.
Currency Futures Round Up After a Quiet Start
With many of the major trading centres closed yesterday for public holidays, and with little in the way of meaningful fundamental news to drive price action, trading volumes in currency futures remained thin, with the Aussie dollar, the British Pound, the Canadian dollar and the Euro, all consolidating further following the volatile price action of last week.
AUDUSD Reversal Chart Formation – Oct 14, 2014
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over.