AUDUSD Forecast December 5, 2014, Technical Analysis
The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bounce along just below the 0.84 handle.
The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bounce along just below the 0.84 handle.
The USDJPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer.
The AUDUSD pair gapped lower at the open on Monday, but as you can see bounced in order to fill that very same gap.
GBPUSD broke below 1.5590 support, indicating that the downtrend from 1.6182 has resumed.
EURUSD moved sideways in a trading range between 1.2358 and 1.2599.
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8416.
USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session.
EURUSD failed to break below 1.3258 support and stayed in the trading range between 1.2358 and 1.2599.
The AUDUSD pair has broken down below the recent low, and looks as if it’s ready to head down to the 0.85 handle.
GBPUSD remains in downtrend from 1.6182, the rise from 1.5590 is likely consolidation of the downtrend.