AUDUSD Forecast July 16, 2014, Technical Analysis
The AUDUSD as you can see fell during the session on Tuesday, only to turn back around and form a hammer.
The AUDUSD as you can see fell during the session on Tuesday, only to turn back around and form a hammer.
The AUDUSD as you can see fell during the session on Tuesday, only to turn back around and form a hammer.
The AUDUSD pair rose during the course of the session on Monday, but didn’t really cause too much in the way of a splash with the tight trading range.
AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 is likely correction of the downtrend.
The AUDUSD pair went back and forth on the session for Wednesday, ultimately settling for a basically unchanged session.
The AUDUSD pair went back and forth on the session for Wednesday, ultimately settling for a basically unchanged session.
The AUDUSD pair broke higher during the day on Tuesday, clearing the top of the Monday hammer.
The AUDUSD pair initially fell during the session on Monday, but found enough support below in order to turn things back around and form a hammer.
The AUDUSD pair rose slightly during the session on Friday, testing the 0.9350 level for support.
The rising channel on AUDUSD’s 1-hour forex chart is still holding and it appears the pair found resistance at the .9500 major psychological level, which lines up with the top of the channel.