AUDUSD Weekly Analysis – June 12, 2016
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend.
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend.
The AUDUSD pair fell during the course of the session on Thursday, testing the 0.74 level.
The AUDUSD pair broke higher during the day on Tuesday, as we have cleared the 0.74 level.
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend.
The AUDUSD pair initially went much higher during the course of the day on Wednesday, reaching all the way to the 0.73 handle.
The NZDUSD pair broke higher during the day on Tuesday, clearing the top of the hammer that formed on Monday.
The AUDUSD pair initially fell during the course of the day on Monday, but turned back around to form a hammer.
The Australian dollar initially tried to rally during the day on Wednesday, but turned around back around to form a bit of a shooting star.
The AUDUSD pair fell initially during the course of the day on Tuesday, but found enough support to turn things back around and form a hammer.
The AUDUSD pair went back and forth on Monday, as we continue to struggle with the 0.73 level.