AUD/USD Forecast March 26, 2014, Technical Analysis
The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9150 handle.
The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9150 handle.
The AUD/USD pair initially fell during the session on Monday, but found enough support at the 0.9050 level to turn things back around and send the market higher.
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.90 level to keep the market somewhat afloat.
AUDUSD broke above 0.9133 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed.
AUDUSD remains in uptrend from 0.8660 (Jan 24 low), the price action from 0.9080 could be treated as consolidation of the uptrend.
AUDUSD stayed in a trading range between 0.8906 and 0.9080 for several days.
AUD/USD is testing a major support level, as seen on its daily time frame.
The AUD/USD pair fell during the session on Tuesday, showing significant resistance near the 0.90 handle.
The AUD/USD pair went back and forth during the session on Monday, ultimately settling nothing.
GBPUSD is testing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low), and one more rise to 1.6500 area to complete to upward movement would likely be seen. On the downside, a breakdown below 1.5894 support will suggest that the uptrend from 1.4813 had completed at 1.6259 already, then the following downward movement could bring price back to 1.4500 zone