AUDUSD Forecast September 19, 2014, Technical Analysis
The AUDUSD pair fell initially during the day on Thursday, but you can see found enough support below to turn things back around and form a hammer.
The AUDUSD pair fell initially during the day on Thursday, but you can see found enough support below to turn things back around and form a hammer.
AUDUSD continued its downward movement from 0.9401 and the fall extended to as low as 0.8938.
The AUDUSD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly.
The AUDUSD pair went back and forth during the course of the day on Monday, showing the 0.90 level to be supportive though, which of course is very important as far as we can see.
There was no hiding place for the Australian dollar last week, which came under relentless and remorseless pressure, with the December futures contract closing with yet another wide spread down candle on Friday, and further confirming the bearish picture for the Aussie dollar.
The AUDUSD pair broke higher during the course of the day on Thursday, but found the 0.92 level to be far too resistive in order to go higher.
The AUDUSD pair fell during most of the session on Wednesday, but bounce significantly off of the 0.91 handle, as we formed a massive hammer.
AUDUSD has been trading inside a rising channel on its 1-hour forex time frame for the past month, but it looks like a breakdown is happening.
AUDUSD upward movement from 0.9237 extended to as high as 0.9401.
The AUDUSD pair tried to rally significantly during the session on Thursday but failed.