AUDUSD Weekly Analysis – June 19, 2016
AUDUSD remains in downtrend from 0.7834, the price action from 0.7144 could be treated as consolidation of the downtrend.
AUDUSD remains in downtrend from 0.7834, the price action from 0.7144 could be treated as consolidation of the downtrend.
EURUSD is testing the support of the price channel on daily chart.
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517.
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend.
The GBPUSD pair fell during the day on Thursday, as we broke down below the 1.45 handle.
The EURUSD pair broke down during the day on Thursday, forming an outside bearish candle.
Today’s headlines that have caught the attention of our traders this morning as they prepare for the upcoming market session.
The AUDUSD pair fell during the course of the session on Thursday, testing the 0.74 level.
Like nervous students awaiting their end of year exams, so the major US indices are all approaching new high ground with equal trepitation, with the ES emini (SPY, quote) a classic example of the tension that is now building on the daily chart.
Whilst many commodities reacted strongly to the US employment data on Friday, with a consequent surge higher on US dollar weakness,