AUDUSD Forecast December 13, 2016, Technical Analysis
The AUDUSD pair rallied on Monday, testing the 0.75 level above as resistance.
The AUDUSD pair rallied on Monday, testing the 0.75 level above as resistance.
EURUSD broke below the upward price channel on 4-hour chart, indicating that consolidation of the uptrend is underway.
The EURUSD pair fell slightly during the course of the session on Monday, and as a result I feel that there is more than enough support below to eventually find buyers, and I believe that the 1.1150 level below is massively supportive.
The EURUSD pair initially fell during the course of the session on Monday, but turn right back around to reach higher.
The EURUSD pair fell slightly during the course of the session on Wednesday, as we continue to try to find buyers just below.
The EURUSD pair initially tried to rally during the course of the session on Monday, but then broke down at the 1.1350 level.
The EURUSD pair initially tried to rally during the day on Tuesday, but turned right back around to form a shooting star.
The EURUSD pair initially fell during the course of the day on Wednesday, but found enough buying pressure underneath to turn things back around and form a bit of a hammer.
The AUDUSD pair fell during the day on Wednesday, but bounced off of the lows again, and therefore ended up forming a hammer.
The EURUSD pair initially fell during the day on Wednesday, but found enough support at the 1.07 level to turn things around and form a nice-looking hammer.