AUDUSD Forecast September 17, 2015, Technical Analysis
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the top of the hammer that had formed on Tuesday.
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the top of the hammer that had formed on Tuesday.
The GBPUSD pair fell significantly during the session on Monday, but turned back around to form a large hammer. With this, it looks like we are trying to break out to the upside but there is a significant amount of resistance at the 1.55 handle.
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.8162.
EURUSD remains in downtrend from 1.1713, the bounce from 1.1087 is likely correction of the downtrend.
The AUDUSD pair fell during the course of the day on Wednesday, as the area above the 0.70 level continues offer resistance.
USDCAD has been moving sideways for quite some time, but the pair seems to have formed lower highs on the 1-hour time frame.
The EURUSD pair initially fell during the day on Tuesday, but found support yet again as the market looks like it is trying to find enough support to turn things back around.
The AUDUSD pair broke higher during the course of the day on Tuesday, clearing the 0.70 level at one point.
The AUDUSD pair fell during the course of the session on Wednesday, testing the 0.70 level for support.
The AUDUSD pair fell significantly during the course of the session on Tuesday, breaking down to a fresh, new low.