AUDUSD Daily Analysis – June 16, 2014
AUDUSD remains in uptrend from 0.9229, the fall from 0.9437 is likely consolidation of the uptrend.
AUDUSD remains in uptrend from 0.9229, the fall from 0.9437 is likely consolidation of the uptrend.
The EURUSD pair initially fell during the course of the session on Thursday, testing the 1.35 level again.
The USDJPY why pair fell during the course of the session on Thursday, after initially trying to rally.
AUDUSD is finding resistance at the top of its range, visible on the 4-hour forex time frame.
The EURUSD pair fell during the course of the session on Tuesday, but still above the 1.35 handle.
The AUDUSD pair rose during the course of the session on Monday, but found enough resistance to push the market back about half of the range.
The AUDUSD pair tried to rally during the session on Friday, but as you can see gave back almost all of the gains in order to form a shooting star.
The EURUSD pair fell during the course of the session on Friday after the nonfarm payroll numbers came out.
USDJPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame.
The EURUSD pair fell during the session on Wednesday, as we simply grind away in the current area while we await whatever it is that the European Central Bank has decided.