AUDUSD Forecast September 3, 2014, Technical Analysis
The AUDUSD pair fell during the day on Wednesday, but remained supported near the 0.9250 level, just as we had anticipated.
The AUDUSD pair fell during the day on Wednesday, but remained supported near the 0.9250 level, just as we had anticipated.
After touching the downward trend line on 4-hour chart, GBPUSD dropped down from 1.6643, indicating that the pair remains in downtrend from 1.7190.
During a particularly line session on Monday, the EURUSD pair went nowhere.
The AUDUSD pair tried to rally during the day on Monday, but found enough resistance to turn things back around and form a shooting star.
The euro dipped below $1.32 on Friday morning as investors kept a keen eye on the developing situation in Ukraine. The common currency traded at $1.3182 at 6:15 GMT after U.S. economic data helped the dollar rally.
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the bounce from 1.6536 is likely consolidation of the downtrend.
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 (Jul 1 high) is underway.
The AUDUSD pair rose during the course of the day on Wednesday, but still remains just underneath the 0.9350 level.
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6536 is likely consolidation of the downtrend.
EURUSD’s downward movement from 1.3411 extended to as low as 1.3152.