AUDUSD Forecast December 2, 2014, Technical Analysis
The AUDUSD pair gapped lower at the open on Monday, but as you can see bounced in order to fill that very same gap.
The AUDUSD pair gapped lower at the open on Monday, but as you can see bounced in order to fill that very same gap.
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8416.
As we come to the end of another trading week, for the Australian dollar it has been another characterized by negative sentiment with the AUD/USD likely to close with a wide spread down candle, with the bearish tone picking up momentum once again. The move lower for the pair is of no great surprise given the clear and unequivocal messages that have been emanating recently from the RBA, during the
The AUDUSD pair has broken down below the recent low, and looks as if it’s ready to head down to the 0.85 handle.
The AUDUSD pair fell hard during the session on Monday, continuing the downtrend that we have seen for some time.
A short-term rally might take place for AUDUSD, as the pair formed a double bottom pattern on its 4-hour time frame.
AUDUSD stays in a trading range between 0.8540 and 0.8910.
AUDUSD is facing 0.8540 support, a breakdown below this level will indicate that the downtrend from 0.8910 has resumed,
AUDUSD’s fall from 0.8795 extended to as low as 0.8585.
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.8540 had completed