AUDUSD Forecast September 6, 2016, Technical Analysis
The AUDUSD pair rallied slightly during the day on Monday, but we await the Reserve Bank of Australia and its interest-rate announcement first thing in the morning.
The AUDUSD pair rallied slightly during the day on Monday, but we await the Reserve Bank of Australia and its interest-rate announcement first thing in the morning.
The AUDUSD pair went back and forth during the course of the session here on Wednesday, as we continue to try to build up enough momentum to make a significant move.
This week saw data from the UK surprise positively and the severally-oversold pound bounced back sharply, while the dollar fell across the board as the Fed watered down rate hike expectations in the minutes of the FOMC’s last meeting and after some weakness in US data was observed, causing the EUR/USD to climb to its best level since 24 June.
The AUDUSD pair fell initially during the course of the session on Tuesday, but turned back around to form a hammer as we press up against the massive resistance at the 0.7675 level.
The AUDUSD pair went back and forth during the course of the day on Tuesday, crashing into the 0.75 level, and then shooting towards the 0.7650 handle.
The AUDUSD pair initially tried to rally during the course of the session on Monday, but turn right back around to form a bit of a shooting star.
The Australian dollar initially rallied during the day on Wednesday, but found far too much in the way of resistance above and ended up turning back around and form a fairly negative candle.
The AUDUSD pair fell during the course of the day on Friday, as we continue to see this market soften.
The AUDUSD pair initially fell during the course of the day on Wednesday but turn right back around to break above the 0.75 level.
The AUDUSD pair initially fell during the course of the day on Thursday, but turned back around to form a hammer.