AUDUSD Forecast June 26, 2014, Technical Analysis
The AUDUSD pair bounce from the lows during the session on Wednesday, showing that we still have plenty of support below and that the pressure should continue to break out and above the 0.95 handle.
The AUDUSD pair bounce from the lows during the session on Wednesday, showing that we still have plenty of support below and that the pressure should continue to break out and above the 0.95 handle.
AUDUSD remains in uptrend from 0.9229, the fall from 0.9437 is likely consolidation of the uptrend.
AUDUSD is finding resistance at the top of its range, visible on the 4-hour forex time frame.
The AUDUSD pair rose during the course of the session on Monday, but found enough resistance to push the market back about half of the range.
The AUDUSD pair tried to rally during the session on Friday, but as you can see gave back almost all of the gains in order to form a shooting star.
AUDUSD’s bounce from 0.9208 extended to as high as 0.9329, the subsequent fall indicate that the bounce had completed,
The AUDUSD (FXA, quote) pair went back and forth during the session on Tuesday, bouncing off of the 0.9250 level yet again. This is an area that has been extraordinarily supportive, and as a result it doesn’t surprise us that we continue to hang about.
AUDUSD has been on a steady uptrend, as seen on the 4-hour time frame, but it appears that the rally is slowing down.
AUDUSD continued its sideways movement in a range between 0.9318 and 0.9408.
The AUDUSD pair went back and forth during the session on Thursday, ultimately printing a fairly neutral candle.