AUDUSD Forecast September 2, 2016, Technical Analysis
The AUDUSD pair rose slightly during the course of the day on Thursday, breaking above the top of the candle from the Wednesday session.
The AUDUSD pair rose slightly during the course of the day on Thursday, breaking above the top of the candle from the Wednesday session.
AUDUSD continued its downward movement from 0.7755, and the fall extended to as low as 0.7500.
The AUDUSD pair went back and forth during the course of the session here on Wednesday, as we continue to try to build up enough momentum to make a significant move.
The AUDUSD pair initially tried to rally but we turn right back around to form a shooting star.
The AUDUSD pair went back and forth during the course of the session on Monday, but eventually ended up forming a positive candle.
This week saw data from the UK surprise positively and the severally-oversold pound bounced back sharply, while the dollar fell across the board as the Fed watered down rate hike expectations in the minutes of the FOMC’s last meeting and after some weakness in US data was observed, causing the EUR/USD to climb to its best level since 24 June.
The Australian dollar initially tried to rally during the Friday session but back and sold off rather significantly.
The AUDUSD pair fell initially during the course of the session on Tuesday, but turned back around to form a hammer as we press up against the massive resistance at the 0.7675 level.
The AUDUSD pair rose slightly during the day on Thursday, as we continue to see bullish pressure.
The AUDUSD pair went back and forth during the course of the day on Wednesday, essentially settling on a neutral candle.