AUDUSD Forecast April 6, 2016, Technical Analysis
AUDUSD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle.
AUDUSD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle.
The AUDUSD pair fell slightly during the day on Monday, but essentially did nothing.
AUDUSD has been trending higher on its short-term time frames, moving inside an ascending channel visible on the 1-hour and 4-hour charts. Price is currently testing the top of the channel around the .7700 major psychological level and might be due for a drop towards support.
The AUDUSD pair initially tried to rally during the course of the session on Thursday, but turn right back around to form a shooting star.
The AUDUSD pair initially fell during the course of the session on Tuesday, testing the 0.75 level for support. We believe that the support extends all the way down to the 0.74 level, and with that being the case it’s very difficult to imagine a scenario in which this pair should be sold, leased as long as we stay above the 0.74 level.
The AUDUSD pair broke higher during the course of the session on Monday, but pullback a little bit.
AUDUSD remains in uptrend from 0.6826, the fall from 0.7680 is likely consolidation of the uptrend.
The AUDUSD pair initially fell during the day on Tuesday but found enough support just above the 0.75 level to turn things around and form a slightly positive candle.
The AUDUSD pair had a fairly volatile session on Monday, but ultimately settled on a relatively negative candle.
EURUSD is facing 1.1376 resistance, a break of this level will confirm that the uptrend