AUDUSD Forecast January 11, 2016, Technical Analysis
The AUDUSD pair fell significantly during the course of the day on Friday, breaking below the bottom of the hammer from the Thursday session.
The AUDUSD pair fell significantly during the course of the day on Friday, breaking below the bottom of the hammer from the Thursday session.
Today’s Key Economic Data
Today’s Key Economic Data – Remember this morning we get the government’s non-Farm Payroll report today at 8:30am EDT.
The EURUSD pair initially fell during the day on Wednesday, but found enough support at the 1.07 level to turn things around and form a nice-looking hammer.
The AUDUSD pair broke down during the course of the day on Wednesday, finally breaking down below the uptrend line that has been holding it up for some time.
Today’s Key Economic Data
The EURUSD pair broke down below the 1.08 level during the day on Tuesday, showing that the market is continuing to show real selling pressure.
The AUDUSD pair fell during the course of the session on Tuesday, but as you can see is testing the uptrend line from the ascending triangle that we have been paying so much attention to.
Today’s Key Economic Data
Trade Alert – New Position