AUDUSD Forecast December 13, 2016, Technical Analysis
The AUDUSD pair rallied on Monday, testing the 0.75 level above as resistance.
The AUDUSD pair rallied on Monday, testing the 0.75 level above as resistance.
The AUDUSD pair fell slightly during the session on Friday, but found enough support near the 0.74 level to bounce and test the 0.7450 level again. We found resistance there, as we have in the past, so now it looks very choppy to say the least.
The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session.
The AUDUSD pair initially fell on Monday but then found buyers to push the market higher.
The Australian dollar initially fell during the day on Wednesday, but turned around to form a relatively supportive looking candle.
The Australian dollar initially tried to rally on Monday but turned right back around and sold off all of the gains.
AUDUSD moved sideways in a range between 0.7441 and 0.7755.
The AUDUSD pair broke higher during the course of the session on Monday, but gave back more than half of the gains from the early part of the session.
The AUDUSD pair initially fell during the course of the session on Monday, but then turned around to form a very positive candle.
AUDUSD is testing the support of the price channel on 4-hour chart.