AUDUSD Weekly Analysis – March 20, 2016
AUDUSD’s upward movement from 0.6826 extended to as high as 0.7680.
FXA
AUD/USD Forecast March 18, 2016, Technical Analysis
The AUDUSD pair initially fell during the course of the session on Thursday, and then turn right back around to continue going higher. We had a very strong positive candle form during the course of the day on Wednesday, as the Federal Reserve has stepped away from interest-rate hikes, at least as far as the number of them in the year 2016 is concerned.
AUD/USD Forecast March 17, 2016, Technical Analysis
The AUDUSD pair went back and forth on Wednesday, as we continue to see quite a bit of interest between the 0.74 level on the bottom, and the 0.75 level on the top.
AUDUSD Trend Pullback Mar 15, 2016
AUDUSD has been trending higher, thanks to the pickup in risk appetite. Price stalled upon hitting resistance near .7600 and is showing signs of a pullback, possibly to the rising trend line visible on the 4-hour chart.
AUDUSD Weekly Analysis
AUDUSD is now in uptrend from 0.6826, and the rise extended to as high as 0.7583.
AUDUSD Forecast March 10, 2016, Technical Analysis
The AUDUSD pair broke higher during the course of the session on Wednesday, breaking above the past couple of shooting stars. Not only that, we have broken above the 0.75 handle, which of course has a certain amount of psychological significance as far as resistance is concerned.
AUDUSD Forecast March 9, 2016, Technical Analysis
The AUDUSD pair initially fell during the course of the day on Tuesday, testing the 0.74 area.
AUDUSD Forecast March 8, 2016, Technical Analysis
The AUDUSD pair continued to break higher during the course of the day on Monday, testing the 0.75 level.
AUDUSD Weekly Analysis – March 6, 2016
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already.
AUDUSD Forecast March 3, 2016, Technical Analysis
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.