AUDUSD Forecast June 1, 2016, Technical Analysis
The NZDUSD pair broke higher during the day on Tuesday, clearing the top of the hammer that formed on Monday.
The NZDUSD pair broke higher during the day on Tuesday, clearing the top of the hammer that formed on Monday.
The EURUSD pair rose slightly during the course of the day on Monday, but you have to keep in mind that the Americans were away for the Memorial Day holiday.
The AUDUSD pair initially fell during the course of the day on Monday, but turned back around to form a hammer.
EURUSD has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price appears to be on its way to test the resistance once more after the channel support held.
The EURUSD pair initially tried to rally during the course of the session on Tuesday, but fell significantly and broke down below the 1.12 level.
The AUDUSD pair fell initially during the course of the day on Tuesday, but found enough support to turn things back around and form a hammer.
The EURUSD pair initially tried to go higher on Monday, but turned back around to form a slightly negative candle.
The AUDUSD pair went back and forth on Monday, as we continue to struggle with the 0.73 level.
EURUSD’s fall from 1.1616 extended to as low as 1.1179. Deeper decline to test the support of the upward price channel on daily chart could be seen next week.
AUDUSD continued its downward movement from 0.7834, and the fall extended to as low as 0.7175.