AUDUSD Forecast September 5, 2014, Technical Analysis
The AUDUSD pair tried to rally significantly during the session on Thursday but failed.
The AUDUSD pair tried to rally significantly during the session on Thursday but failed.
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6440.
EURUSD remains in downtrend from 1.3411, the rise from 1.3110 is likely consolidation of the downtrend.
The AUDUSD pair rose during the session on Wednesday, but remains within the consolidation area that we had seen form over the last several weeks.
The AUDUSD pair fell during the day on Wednesday, but remained supported near the 0.9250 level, just as we had anticipated.
After touching the downward trend line on 4-hour chart, GBPUSD dropped down from 1.6643, indicating that the pair remains in downtrend from 1.7190.
The AUDUSD pair tried to rally during the day on Monday, but found enough resistance to turn things back around and form a shooting star.
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 (Jul 1 high) is underway.
The AUDUSD pair rose during the course of the day on Wednesday, but still remains just underneath the 0.9350 level.
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6536 is likely consolidation of the downtrend.