AUDUSD Forecast July 2, 2015, Technical Analysis
The AUDUSD pair fell during the course of the session on Wednesday, as we crashed towards the 0.7650 level.
The AUDUSD pair fell during the course of the session on Wednesday, as we crashed towards the 0.7650 level.
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA.
As I have posted options going out to 2016, symbol ESBH16 or ESBN16 continue to make sense in light of extremely depressed prices and impending El Nino.
Panic – what panic. Not according to the price of gold and whilst other markets have seen extreme volatility with equities plunging, currency pairs opening gapped down, and the VIX moving violently, gold has continued to remain calm and serene throughout, with hardly a murmur to reflect the turmoil around.
The EURUSD pair gapped lower at the open on Monday, crashing into the 1.10 handle. This area had enough support in it though to keep the market afloat and we bounced much higher.
The AUDUSD pair rose during the course of the day on Monday, continuing the bounce that we have seen off of the 0.76 handle.
The EURUSD pair went back and forth during the course of the day on Friday, essentially settling nothing.
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.
Many traders immediately think of precious metals like gold (GLD, quote)when hedging inflation.
The EURUSD pair had a slightly positive session on Wednesday, but quite frankly was a bit on impressive.