AUDUSD Forecast November 22, 2016, Technical Analysis
The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session.
The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session.
The AUDUSD pair initially fell on Monday but then found buyers to push the market higher.
The Australian dollar initially fell during the day on Wednesday, but turned around to form a relatively supportive looking candle.
The Australian dollar initially tried to rally on Monday but turned right back around and sold off all of the gains.
At the start of a week full of US earnings, important economic data and a couple of central bank meetings, risk is somewhat off the menu. Equities, copper and, to a lesser degree, oil prices were all trading lower at the time of this writing.
AUDUSD moved sideways in a range between 0.7441 and 0.7755.
The AUDUSD pair broke higher during the course of the session on Monday, but gave back more than half of the gains from the early part of the session.
The AUDUSD pair initially fell during the course of the session on Monday, but then turned around to form a very positive candle.
AUDUSD is testing the support of the price channel on 4-hour chart.
The Australian dollar initially rallied during the day on Thursday, but turned around to form a bit of a shooting star.