AUDUSD Forecast April 25, 2014, Technical Analysis
The AUDUSD pair fell during the session on Thursday, but found support at the all-important 0.9250 level again.
The AUDUSD pair fell during the session on Thursday, but found support at the all-important 0.9250 level again.
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461.
This week market participants are getting a flurry of global economic data that has been and continues to have the potential to move the currency markets.
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295.
The AUDUSD pair went back and forth during the session on Monday, essentially settling nothing.
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9314.
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AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8924, the fall from 0.9461 is likely consolidation of the uptrend.
AUDUSD made a strong rally yesterday thanks to upbeat jobs data, but it was unable to sustain its rally when Chinese CPI came in weaker than expected today.
AUDUSD remains in uptrend from 0.9205, and the rise extended to as high as 0.9439.