AUDUSD Forecast July 2, 2015, Technical Analysis
The AUDUSD pair fell during the course of the session on Wednesday, as we crashed towards the 0.7650 level.
The AUDUSD pair fell during the course of the session on Wednesday, as we crashed towards the 0.7650 level.
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA.
The EURUSD pair gapped lower at the open on Monday, crashing into the 1.10 handle. This area had enough support in it though to keep the market afloat and we bounced much higher.
The AUDUSD pair rose during the course of the day on Monday, continuing the bounce that we have seen off of the 0.76 handle.
The EURUSD pair went back and forth during the course of the day on Friday, essentially settling nothing.
The AUDUSD pair fell during the course of the day on writing, but remains well within the consolidation area that we have been stuck in for some time.
Many traders immediately think of precious metals like gold (GLD, quote)when hedging inflation.
The GBPUSD pair had a pretty volatile session during the day on Wednesday, as we touched the 1.58 level, and then turned back around to break below the 1.57 level.
The EURUSD pair had a slightly positive session on Wednesday, but quite frankly was a bit on impressive.
The AUDUSD pair initially tried to rally during the day on Wednesday, but found far too much in the way of resistance