AUDUSD Forecast April 12, 2016, Technical Analysis
The AUDUSD pair initially tried to pull back during the course of the session on Monday but then ended up rallying.
The AUDUSD pair initially tried to pull back during the course of the session on Monday but then ended up rallying.
The USDCAD pair fell initially during the day on Friday, but it now appears that the uptrend line may catch this market and turning back around.
The EURUSD pair fell during the course of the day on Monday, but we are approaching a bit of support at the 1.1050 level, so at this point in time we will more than likely find a supportive candle in order to start buying again.
The EURUSD pair fell significantly during the course of the session on Monday, in reaction to Mario Draghi suggesting that the European Central Bank could very well work against the value of the Euro as there are a lot of concerns with the marketplace now.
USDJPY has been trending lower in the past few days, moving below a descending trend line on its 1-hour time frame.
The GBPUSD pair fell significantly during the course of the session on Friday, breaking down below the bottom of the hammer from the Thursday session.
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds,
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend.
The AUDUSD pair broke higher during the course of the day on Monday, but only and a fairly lackluster manner.
EURUSD is now in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend.