AUDUSD Forecast September 4, 2014, Technical Analysis
The AUDUSD pair rose during the session on Wednesday, but remains within the consolidation area that we had seen form over the last several weeks.
FXA
AUDUSD Forecast September 3, 2014, Technical Analysis
The AUDUSD pair fell during the day on Wednesday, but remained supported near the 0.9250 level, just as we had anticipated.
AUDUSD Forecast September 2, 2014, Technical Analysis
The AUDUSD pair tried to rally during the day on Monday, but found enough resistance to turn things back around and form a shooting star.
AUDUSD Forecast August 28, 2014, Technical Analysis
The AUDUSD pair rose during the course of the day on Wednesday, but still remains just underneath the 0.9350 level.
AUDUSD Forecast August 27, 2014, Technical Analysis
The AUDUSD pair tried to go higher during the course of the day on Tuesday, and did gain a bit.
AUDUSD Forecast August 12, 2014, Technical Analysis
The AUDUSD pair fell during the course of the day on Monday, but not significantly so.
A Double Wammy for the Aussie dollar
Yesterday’s attempt by the Aussie dollar to break out from the current congestion with a move higher, was promptly snuffed out today, as poor employment data shocked the markets, sending the currency lower against the US dollar.
AUDUSD Forecast August 7, 2014, Technical Analysis
The AUDUSD pair rose during the course of the day on Wednesday, breaking above the 0.9350 handle.
AUDUSD Forecast August 5, 2014, Technical Analysis
The AUDUSD pair initially fell during the day on Monday, but as you can see found enough support to turn things back around and form a hammer.
AUDUSD Daily Analysis – August 4, 2014
AUDUSD remains in downtrend from 0.9470, the rise from 0.9275 is likely consolidation of the downtrend.