AUDUSD Forecast June 29, 2016, Technical Analysis
The Australian dollar initially bounced against the US dollar during the day on Tuesday, but gave back most the gains in order to form a bit of a shooting star.
The Australian dollar initially bounced against the US dollar during the day on Tuesday, but gave back most the gains in order to form a bit of a shooting star.
The AUDUSD pair gapped lower at the open on Monday, and then broke down.
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest.
The AUDUSD pair rose during the course of the session on Wednesday, breaking out to a fresh, new high.
The AUDUSD pair initially went much higher during the course of the day on Wednesday, reaching all the way to the 0.73 handle.
The Australian dollar initially tried to rally during the day on Wednesday, but turned around back around to form a bit of a shooting star.
The AUDUSD pair fell significantly during the course of the session on Tuesday, crashing into the 0.75 support level.
The AUDUSD pair rose during the course of the session on Monday, as we continue to find buyers every time this market pulls down.
The AUDUSD pair tried to rally during the day on Tuesday, but failed to hang onto about half of the gains.
The AUDUSD pair rose during the day on Wednesday, but struggled as we broke above the top of the shooting star from Tuesday.