AUDUSD Forecast April 15, 2016, Technical Analysis
The AUDUSD pair rose during the course of the day on Thursday, as we continue to try to grind higher.
The AUDUSD pair rose during the course of the day on Thursday, as we continue to try to grind higher.
The AUDUSD pair fell slightly during the course of the day on Wednesday, but at this point in time it looks like we continue to grind higher over the longer term.
The AUDUSD pair initially tried to pull back during the course of the session on Monday but then ended up rallying.
The AUDUSD pair initially tried to pull back during the course of the session on Monday but then ended up rallying.
The AUDUSD pair initially fell on Wednesday but found enough support just above the 0.75 level again to bounce.
AUDUSD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle.
The AUDUSD pair fell slightly during the day on Monday, but essentially did nothing.
AUDUSD has been trending higher on its short-term time frames, moving inside an ascending channel visible on the 1-hour and 4-hour charts. Price is currently testing the top of the channel around the .7700 major psychological level and might be due for a drop towards support.
The AUDUSD pair initially tried to rally during the course of the session on Thursday, but turn right back around to form a shooting star.
The AUDUSD pair initially fell during the course of the session on Tuesday, testing the 0.75 level for support. We believe that the support extends all the way down to the 0.74 level, and with that being the case it’s very difficult to imagine a scenario in which this pair should be sold, leased as long as we stay above the 0.74 level.