AUDUSD Daily Analysis – September 26, 2016
AUDUSD is testing the support of the price channel on 4-hour chart.
AUDUSD is testing the support of the price channel on 4-hour chart.
The USDJPY pair went back and forth during the course of the session on Friday, ultimately settling on a neutral candle.
The Australian dollar initially rallied during the day on Thursday, but turned around to form a bit of a shooting star.
AUDUSD seems to be tired from its climb since it already formed a head and shoulders reversal pattern on its 4-hour time frame. Price also broke below the neckline at the .7500 major psychological level, confirming its potential selloff.
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
AUDUSD is in consolidation of the downtrend from 0.7731.
The AUDUSD pair initially tried to fall, but then turned around to slam into the 0.75 level.
The EURUSD pair went back and forth during the day on Monday, as we continue to try to find our footing in this market.
The Australian dollar initially fell during the course of the session on Monday, testing the 0.75 level.
The EURUSD pair initially took off to the upside during the day on Thursday, but turned right back around below the 1.1350 level to form a shooting star.