AUDUSD Daily Analysis – May 1, 2014
AUDUSD is facing 0.9316 resistance, a break above this level will indicate that the downtrend from 0.9461 had completed at 0.9227 already,
AUDUSD is facing 0.9316 resistance, a break above this level will indicate that the downtrend from 0.9461 had completed at 0.9227 already,
GBPUSD stays in a trading range between 1.6762 and 1.6857.
AUDUSD remains in downtrend from 0.9461.
EURUSD broke above 1.3864 resistance. However, the rise from 1.3785 is likely consolidation of the downtrend from 1.3905,
USDJPY is facing 102.72 resistance, a break above this level will indicate that the uptrend from 101.32 has resumed,
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, and the fall extended to as low as 0.9227.
USDJPY is now in downtrend from 102.72, and the fall extended to as low as 101.96.
AUDUSD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher.
The AUDUSD pair fell during the session on Thursday, but found support at the all-important 0.9250 level again.
The EURUSD pair went back and forth during the session on Thursday, ultimately settling on a slightly positive candle.