AUDUSD Forecast July 8, 2014, Technical Analysis
The AUDUSD pair initially fell during the session on Monday, but found enough support below in order to turn things back around and form a hammer.
The AUDUSD pair initially fell during the session on Monday, but found enough support below in order to turn things back around and form a hammer.
The AUDUSD pair bounce from the lows during the session on Wednesday, showing that we still have plenty of support below and that the pressure should continue to break out and above the 0.95 handle.
The AUDUSD (FXA, quote) pair went back and forth during the session on Tuesday, bouncing off of the 0.9250 level yet again. This is an area that has been extraordinarily supportive, and as a result it doesn’t surprise us that we continue to hang about.
The AUDUSD pair did very little during the session on Monday, as it tried to rally but failed in the end.
The AUDUSD pair fell during the session on Wednesday, but ultimately found a little bit of support around the 0.93 level.
The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9150 handle.
The AUD/USD pair fell initially during the session on Wednesday, but found enough support near the 0.8950 level to turn things back around and form a hammer.
The AUD/USD pair fell during the session on Monday, but remains above the 0.90 handle.
The AUD/USD pair initially fell during the session on Wednesday, but rose high enough to test the 0.90 handle again.
AUD/USD is testing a major support level, as seen on its daily time frame.