AUDUSD Daily Analysis – November 3, 2014
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8910.
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8910.
The EURUSD pair fell hard during the session on Thursday, but turned back around and bounced hard enough to form a beautiful looking hammer.
The AUDUSD pair bounced during the course of the day on Thursday, but still remains trapped in the basic consolidation that we have seen for some time now.
AUDUSD moved sideways in a range between 0.8642 and 0.8898.
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 105.32.
No changed in our view, USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 would possibly be consolidation of the uptrend.
GBPUSD continued its sideways movement in a range between 1.5874 and 1.6226.
EURUSD is now in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend.
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8898.
GBPUSD moved sideways in a range between 1.5874 and 1.6226. As long as 1.6226 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6524, and another fall to 1.5600 area could be expected after consolidation.