AUDUSD Forecast March 30, 2015, Technical Analysis
The AUDUSD pair broke down during the course of the session on Friday, clearing the bottom of the shooting star that had formed on Thursday.
The AUDUSD pair broke down during the course of the session on Friday, clearing the bottom of the shooting star that had formed on Thursday.
USDJPY remains in uptrend from 101.06 (Jul 10, 2014 low), the sideways movement
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462
GBPUSD’s bounce from 1.4634 extended to as high as 1.5162.
EURUSD is in consolidation of the downtrend from 1.2569 (Dec 16, 2014 high). Range trading between 1.1097 and 1.1650 is possible over the next several days.
The AUD/USD pair fell during the course of the session on Tuesday, as we continue to meander around the 0.7750 handle.
The AUDUSD pair gapped lower at the open on Monday, but then turned back around to rally and form a bit of a shooting star as some of the gains were given back.
The GBPUSD pair fell during the course of the day on Friday, testing the 1.52 handle.
The AUDUSD pair tried to break out to the upside on Friday, but then turned back around at roughly 0.79 to form a bit of a shooting star.
EURUSD remains in downtrend from 1.2569, the rise from 1.1459 is likely consolidation of the downtrend.