AUDUSD Daily Analysis – May 2, 2014
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, the rise from 0.9227 would possibly be consolidation of the downtrend.
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, the rise from 0.9227 would possibly be consolidation of the downtrend.
AUDUSD is facing 0.9316 resistance, a break above this level will indicate that the downtrend from 0.9461 had completed at 0.9227 already,
AUDCAD is currently testing a falling trend line on its 1-hour time frame, as it has pulled up after reaching the 1.0150 minor psychological support.
AUDUSD remains in downtrend from 0.9461.
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, and the fall extended to as low as 0.9227.
AUDUSD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher.
The AUDUSD pair fell during the session on Thursday, but found support at the all-important 0.9250 level again.
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461.
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295.
The AUDUSD pair went back and forth during the session on Monday, essentially settling nothing.