AUD/USD Forecast March 20, 2014, Technical Analysis
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.90 level to keep the market somewhat afloat.
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.90 level to keep the market somewhat afloat.
The AUD/USD pair initially try to rally during the session on Tuesday, but as you can see found enough resistance to push the market back down.
The EUR USD pair pullback during the session on Tuesday, but found enough support below in order to bounce and army hammer.
The AUD/USD pair fell during the session on Monday, but remains above the 0.90 handle.
The EUR/USD pair went back and forth during the session on Monday, as we continue to struggle with the downtrend line that forms the channel going lower from the start of the financial crisis.
The USD/JPY pair initially fell during the first part of the Monday session, but as you can see spent the rest of the day bouncing in order to form a hammer.
The AUD/USD pair initially fell during the session on Wednesday, but rose high enough to test the 0.90 handle again.
The EUR/USD pair fell during the session on Wednesday, but as you can see bounced enough to form a hammer.
The EUR/USD pair rose during the session on Tuesday, but failed at the 1.38 resistance area in order to turn things back around and form a shooting star.
The USD/JPY (yen) pair rose significantly during the session on Tuesday, as the bottom of the consolidation yet again offered support.We are longer-term bulls when it comes to this pair, and believe that the next significant barrier to get past as the 103 level.