AUDUSD Forecast December 2, 2015, Technical Analysis
The AUDUSD pair broke higher during the day on Tuesday, clearing the 0.73 level.
The AUDUSD pair broke higher during the day on Tuesday, clearing the 0.73 level.
The AUDUSD pair rose during the day on Monday, but struggled to make any real gains.
The AUDUSD pair initially fell during the course of the day on Thursday, but then turned back around to form a bit of a hammer.
The AUDUSD pair went back and forth during the day here on Monday, as we continue to see interest somewhere near the 0.72 level.
AUDUSD stays in the trading range between 0.6907 and 0.7439. Resistance is at 0.7439,
The AUDUSD pair rose slightly during the course of the day on Thursday, as we continue to see buying pressure underneath.
AUDUSD has been trending lower on its 1-hour forex chart, moving inside a descending channel connecting the highs and lows of price action since last month. Price is currently testing the resistance at the .7100 major psychological level and might be due for a move back to the bottom.
The AUDUSD pair fell a bit during the course of the session on Monday, as we continue to see weakness in the Australian dollar overall.
The EURUSD pair fell slightly during the course of the session on Wednesday, but remains within the hammer that had formed on Tuesday.
The AUDUSD pair fell slightly during the course of the session on Wednesday, as we continue to consolidate just above the 0.70 level.