AUDUSD Forecast August 11, 2015, Technical Analysis
The AUDUSD pair fell during the course of the session on Monday, but found enough support near the 0.7350 level to turn things back around and bounce.
The AUDUSD pair fell during the course of the session on Monday, but found enough support near the 0.7350 level to turn things back around and bounce.
AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around the .7400 major psychological mark and the 200 SMA.
The AUDUSD pair went back and forth during the course of the day on Wednesday, essentially settling nothing.
t only took a shift in rhetoric from RBA Gov Glen Stevens to upset the Aussie dollar bears whose best laid plans went sent completely awry.
During the session today, we will be hearing from the Reserve Bank of Australia.
The AUDUSD pair broke higher during the course of the day on Tuesday, but still has plenty of noise just above, not to mention the fact that we have a ceiling at the 0.75 level at the moment.
The AUDUSD pair initially tried to rally during the course of the day on Monday, but turned back around somewhere near the 0.7350 handle.
The AUDUSD pair fell slightly during the session on Friday, but as you can see bounced a bit in order to form a hammer like candle.
The AUDUSD pair tried to rally during the course of the session on Thursday, but we pullback in order to find a shooting star for the daily candle.
The AUDUSD pair fell during the day on Wednesday, testing the 0.7350 level again.