AUD/USD Forecast March 29, 2016, Technical Analysis
The AUDUSD pair broke higher during the course of the session on Monday, but pullback a little bit.
The AUDUSD pair broke higher during the course of the session on Monday, but pullback a little bit.
AUDUSD remains in uptrend from 0.6826, the fall from 0.7680 is likely consolidation of the uptrend.
The AUDUSD pair initially fell during the day on Tuesday but found enough support just above the 0.75 level to turn things around and form a slightly positive candle.
The AUDUSD pair had a fairly volatile session on Monday, but ultimately settled on a relatively negative candle.
EURUSD is facing 1.1376 resistance, a break of this level will confirm that the uptrend
AUDUSD’s upward movement from 0.6826 extended to as high as 0.7680.
The AUDUSD pair initially fell during the course of the session on Thursday, and then turn right back around to continue going higher. We had a very strong positive candle form during the course of the day on Wednesday, as the Federal Reserve has stepped away from interest-rate hikes, at least as far as the number of them in the year 2016 is concerned.
The AUDUSD pair went back and forth on Wednesday, as we continue to see quite a bit of interest between the 0.74 level on the bottom, and the 0.75 level on the top.
AUDUSD has been trending higher, thanks to the pickup in risk appetite. Price stalled upon hitting resistance near .7600 and is showing signs of a pullback, possibly to the rising trend line visible on the 4-hour chart.
AUDUSD is now in uptrend from 0.6826, and the rise extended to as high as 0.7583.