AUDUSD Forecast July 22, 2014, Technical Analysis
The AUDUSD pair fell slightly during the session on Monday, but as you can see we are well supported near the 0.9350 level.
The AUDUSD pair fell slightly during the session on Monday, but as you can see we are well supported near the 0.9350 level.
The EURUSD pair tried to rally during the session on Monday, but as you can see the market failed to hang onto the gains, and we turned around and form a shooting star.
The USDJPY continues to deliver a masterclass in patience for longer term traders, with the long term consolidation phase continuing once again last week, as the pair closed with a narrow spread down candle on the weekly chart, ending the futures trading session at 101.30.
EURUSD’s downward movement from 1.3700 extended to as low as 1.3490.
AUDUSD failed to break below 0.9328 support, indicating that lengthier sideways movement in a range between 1.9328 and 1.9455 is underway.
The EURUSD pair went back and forth during the session on Thursday, showing that the 1.35 level would of course continue to be supportive.
GBPUSD fell during the session on Thursday, testing the 1.71 level.
The AUDUSD pair tried to rally during the course of the session on Thursday, but as you can see pulled back to form a shooting star.
The AUDUSD as you can see fell during the session on Tuesday, only to turn back around and form a hammer.
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.