AUDUSD Forecast June 17, 2015, Technical Analysis
The AUDUSD pair initially fell on Wednesday, but found enough support below to turn things back around to form a hammer for the day.
The AUDUSD pair initially fell on Wednesday, but found enough support below to turn things back around to form a hammer for the day.
Stealing a phrase from Timothy Leary and adding a twist. The sixties were a tumultuous time and marked a time of rapid change. Today, I think that many people, businesses and government are suffering Futureshock, with its debilitating effect of paralysis, and creative destruction of old guard business power.
USDCAD is showing signs of a pullback on its 1-hour time frame, as the pair bounced off the 1.2200 major psychological support area. Price is now testing resistance at the 38.2% Fibonacci retracement level, which lines up with the short-term 100 SMA.
E-commerce mammoth Alibaba Group Holding is building a stronger presence in the entertainment industry, announcing two more strategic partnerships to celebrate the first anniversary of Yulebao, its online investment platform for digital entertainment products.
The AUDUSD pair initially fell during the course of the session on Thursday, but bounced enough in order to form a bit of a hammer.
GBPUSD is currently stalling at the 1.5500 area of interest once more, which has held as resistance then support in the past.
ad news out of Europe, Germany in particular, makes two potentially profitable outcomes significantly more likely. Firstly, the European Central Bank will be more flexible in its efforts to keep Greece in the Eurozone.
Billion dollar Unicorns are more evident today than when Noah was filling the ARK. The speed at which companies are becoming uber valuable is flat out amazing. Surprising yes, unless one was smart enough to understand how the internet, and software was connecting people in ways that only few ascertained.
EURUSD stays in the upward price channel on daily chart, and remains in short term uptrend from 1.0462.
The AUDUSD pair broke higher during the day on Wednesday, as we slammed into the 0.78 resistance barrier.