AUDUSD Forecast December 4, 2015, Technical Analysis
The AUDUSD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar.
The AUDUSD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar.
The EURUSD pair went back and forth during the course of the day on Monday, as we continue to struggle to keep any gains at this point in time.
The USDJPY pair went back and forth during the day on Friday essentially settling nothing.
EURUSD is facing 1.0462 (Mar 13 low) support, a breakdown below this level will indicate that the long term downtrend
The EUR/USD pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle.
The AUDUSD pair rose slightly during the course of the day on Thursday, as we continue to see buying pressure underneath.
The EURUSD pair fell significantly during the course of the session on Tuesday, but there is an uptrend line just below that should continue to keep this market somewhat supported.
The AUDUSD pair initially fell during the day on Tuesday, testing the 0.7150 level. The market found enough buyers there to turn things back around and form a bit of a hammer though, so it looks as if the market should continue to go higher at this point in time.
The AUDUSD pair initially fell during the course of the day on Friday, but found enough support below at the 0.71 level to turn things back around and form a bit of a hammer.
The EURUSD pair initially tried to rally during the course of the day on Friday but turned back around as we face a significant amount of pressure at the 1.11 handle.