AUDUSD Forecast February 17, 2016, Technical Analysis
The AUDUSD pair initially tried to rally but turned back around to fall significantly during the day.
The AUDUSD pair initially tried to rally but turned back around to fall significantly during the day.
The AUDUSD pair initially tried to rally during the day on Monday, but turned back around to show a bit of a shooting star.
The AUDUSD pair went back and forth during the course of the session on Monday, showing that there is quite a bit of confusion in this market.
The AUDUSD pair broke higher during the course of the session on Thursday, testing the 61.8% Fibonacci retracement level.
The AUDUSD pair rose during the day on Wednesday, breaking above the recent highs that we’ve seen hold as resistance.
AUDUSD recently broke below a rising trend line support visible on the 4-hour time frame, indicating that a downtrend is starting. Price found support at the .6825 area and is showing signs of a correction.
The AUDUSD pair fell during the day on Wednesday, but bounced off of the lows again, and therefore ended up forming a hammer.
The AUDUSD pair fell during the day on Monday, as we continue to show signs of weakness in the Australian dollar.
AUDUSD fell significantly during the course of the session on Wednesday, as the market continues to bounce around the 0.70 level.
AUDUSD is currently bouncing off the bottom of its long-term range visible on the daily time frame, partly supported by the pickup in risk sentiment and stronger than expected data in China.