AUDUSD Daily Analysis – July 14, 2014
AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 is likely correction of the downtrend.
AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 is likely correction of the downtrend.
EURUSD is facing 1.3575 support, a breakdown below this level
The AUDUSD pair went back and forth on the session for Wednesday, ultimately settling for a basically unchanged session.
The GBPUSD pair initially fell during the session on Wednesday, but as you can see we bounced yet again in order to form a hammer. This market simply looks like it does not want to fall, and as a result we feel that the buyers are certainly still in control even though the market has struggled to take off at this point.
With the FOMC meeting now consigned to history, and the currency markets now returning to ‘business as usual’ here is a round up for the Aussie, the British pound, the Canadian dollar and of course the euro
The GBPUSD pair initially fell during the session on Wednesday, but as you can see we bounced yet again in order to form a hammer. This market simply looks like it does not want to fall, and as a result we feel that the buyers are certainly still in control even though the market has struggled to take off at this point.
The AUDUSD pair went back and forth on the session for Wednesday, ultimately settling for a basically unchanged session.
The EURUSD pair initially fell during the session on Wednesday, but ended up bouncing in order to form a fairly positive candle.
The EURUSD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer.
The AUDUSD pair broke higher during the day on Tuesday, clearing the top of the Monday hammer.