AUDUSD Forecast December 16, 2015, Technical Analysis
The AUDUSD pair fell significantly during the session on Tuesday, as we continue to chop around in this market.
The AUDUSD pair fell significantly during the session on Tuesday, as we continue to chop around in this market.
The AUDUSD pair went back and forth during the course of the day on Friday, testing the 0.74 level.
The AUDUSD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar.
The AUDUSD pair fell a bit during the course of the session on Monday, as we continue to see weakness in the Australian dollar overall.
GBPAUD has been trending higher on its 4-hour chart, moving inside a rising channel visible on that time frame. Price just bounced off the channel support at 2.1150 and may be aiming for the top at 2.1800-2.1900.
The AUDUSD pair initially fell during the day on Tuesday, testing the 0.7150 level. The market found enough buyers there to turn things back around and form a bit of a hammer though, so it looks as if the market should continue to go higher at this point in time.
The AUDUSD pair initially tried to rally during the course of the day on Wednesday, but found far too much in the way of resistance above to continue the move.
The AUD/USD pair had a volatile yet negative session on Tuesday, as we continue to see a lot of volatility in this market.
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the top of the hammer that had formed on Tuesday.
The AUDUSD pair fell during the course of the day on Wednesday, as the area above the 0.70 level continues offer resistance.