AUDUSD Forecast November 11, 2015, Technical Analysis
The AUDUSD pair initially tried to rally during the day on Tuesday, but then turned back around to fall towards the 0.70 handle.
The AUDUSD pair initially tried to rally during the day on Tuesday, but then turned back around to fall towards the 0.70 handle.
GBPAUD has been trending higher on its 4-hour chart, moving inside a rising channel visible on that time frame. Price just bounced off the channel support at 2.1150 and may be aiming for the top at 2.1800-2.1900.
The AUDUSD pair initially fell during the day on Tuesday, testing the 0.7150 level. The market found enough buyers there to turn things back around and form a bit of a hammer though, so it looks as if the market should continue to go higher at this point in time.
The AUDUSD pair initially fell during the course of the day on Friday, but found enough support below at the 0.71 level to turn things back around and form a bit of a hammer.
AUDUSD pair did nothing during the session on Monday that warranted any type of trading.
The AUDUSD pair initially fell during the course of the session on Thursday, but found enough support near the 0.72 level to turn things back around.
The AUDUSD pair went back and forth during the course of the day on Tuesday, eventually closing with a fairly negative looking candle.
The AUDUSD pair fell significantly during the course of the day on Thursday, but found enough support to turn things back around and form a hammer.
The AUDUSD pair initially tried to rally during the course of the day on Wednesday, but found far too much in the way of resistance above to continue the move.
The AUD/USD pair had a volatile yet negative session on Tuesday, as we continue to see a lot of volatility in this market.