AUDUSD Daily Analysis – October 8, 2014
AUDUSD broke above 0.8826 resistance, indicating that the downtrend from 0.9401 had completed at 0.8642 already.
AUDUSD broke above 0.8826 resistance, indicating that the downtrend from 0.9401 had completed at 0.8642 already.
AUDUSD moved sideways in a trading range between 0.8642 and 0.8826.
The AUDUSD pair fell during the session initially on Thursday, but found enough support to turn things back around and form a hammer.
AUDUSD broke above the resistance of the downward trend line on 4-hour chart, indicating that the downtrend from 0.9401 had completed
The AUDUSD pair initially fell during the course of the day on Tuesday, but found enough support below to turn things back around and form a hammer.
The AUDUSD pair rose during the course of the day on Monday, as we bounced a bit off of the 0.87 handle. However, the 0.88 level above should be resistive, so we look at this is a potential selling opportunity.
AUDUSD’s downward movement from 0.9401 extended to as low as 0.8692.
The AUDUSD pair fell during the course of the day on Thursday, breaking below the 0.88 support level.
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9401, the rise from 0.8831 is likely consolidation of the downtrend.
AUDUSD remains in downtrend from 0.9401, and the fall extended to as low as 0.8831.