AUDUSD Forecast November 8, 2016, Technical Analysis
The AUDUSD pair initially fell on Monday but then found buyers to push the market higher.
The AUDUSD pair initially fell on Monday but then found buyers to push the market higher.
EURUSD broke below the upward price channel on 4-hour chart, indicating that consolidation of the uptrend is underway.
The EURUSD pair continued to grind higher during the day on Wednesday, as fears over a switch in the expected outcome of the presidential election in the United States of course has have the US dollar falling.
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.
GBPUSD stayed in the trading range between 1.1946 and 1.2477 for several days.
Lee Kranefuss of 55 Capital Partners on the economy, investing in ETFs and the government deficit.
EURUSD’s downward movement from 1.1279 extended to as low as 1.0859.
The USDJPY pair initially rallied during the course of the session on Friday, but turned around to form a bit of a shooting star.
AUDUSD moved sideways in a range between 0.7441 and 0.7755.