AUDUSD Forecast June 29, 2015, Technical Analysis
The AUDUSD pair fell during the course of the day on writing, but remains well within the consolidation area that we have been stuck in for some time.
The AUDUSD pair fell during the course of the day on writing, but remains well within the consolidation area that we have been stuck in for some time.
The GBPUSD pair had a pretty volatile session during the day on Wednesday, as we touched the 1.58 level, and then turned back around to break below the 1.57 level.
The EURUSD pair had a slightly positive session on Wednesday, but quite frankly was a bit on impressive.
The AUDUSD pair initially tried to rally during the day on Wednesday, but found far too much in the way of resistance
The USDJPY pair broke higher during the course of the session on Monday, clearing the 123 handle.
The GBPUSD pair broke out a few sessions ago as we cleared the 1.58 handle. On Monday, we pulled back to find support at that previous resistance barrier, something that you would expect if you use technical analysis for your trades.
The AUDUSD pair fell during the course of the session on Monday, testing the 0.77 level.
The GBPUSD pair broke much higher during the course of the session on Wednesday as we finally cleared the 1.58 level. Because of this, we feel that the market has broken out and it’s only a matter time before the British pound continues to go much higher against all currencies, not just the US dollar.
The AUDUSD pair initially fell during the course of the session on Wednesday, finding support near the 0.7650 level.
The EURUSD pair went back and forth during the course of the session on Wednesday, as we found the 1.12 level to be supportive. We believe that this market continues to bounce back and forth as we have no real chance of a significant trade at the moment.