AUDUSD Daily Analysis – March 19, 2014
AUDUSD broke above 0.9133 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed.
AUDUSD broke above 0.9133 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed.
USDJPY is facing 101.20 support again, a breakdown below this level will signal resumption of the downtrend from 103.76, then the following downward movement could bring price to 98.00 zone.
EURUSD’s upward movement from 1.3477 extended to as high as 1.3966.
AUDUSD remains in uptrend from 0.8660 (Jan 24 low), the price action from 0.9080 could be treated as consolidation of the uptrend.
Of all the markets and instruments that I comment on and write about, none attracts more strongly differing opinions than gold.
The AUD/USD pair initially try to rally during the session on Tuesday, but as you can see found enough resistance to push the market back down.
USD/JPY might be in for a quick pullback to an area of interest before resuming its rally.
The AUD/USD pair fell during the session on Monday, but remains above the 0.90 handle.
The EUR/USD pair went back and forth during the session on Monday, as we continue to struggle with the downtrend line that forms the channel going lower from the start of the financial crisis.
EURUSD’s upward movement from 1.3477 extended to as high as 1.3914.