AUD/USD Forecast July 5, 2016, Technical Analysis
The AUDUSD pair broke above the 0.75 level during the day on Monday, but we are still below the pressure that had formed a shooting star from the previous week.
The AUDUSD pair broke above the 0.75 level during the day on Monday, but we are still below the pressure that had formed a shooting star from the previous week.
The EURUSD pair initially tried to rally during the day on Thursday, but turned right back around to fall fairly significantly during the day.
The AUDUSD pair initially fell during the course of the day on Thursday, but turned back around to form a hammer.
The GBPUSD pair rose slightly during the course of the session on Tuesday, but did get back some of the gains.
The EURUSD pair rallied initially during the day on Tuesday, filling the gap from Monday.
The Australian dollar initially bounced against the US dollar during the day on Tuesday, but gave back most the gains in order to form a bit of a shooting star.
The GBPUSD pair gapped lower at the open on Monday as anticipated, and as a result we continue to see selling pressure.
The EURUSD pair gapped lower at the open on Monday, and bounced off of the 1.10 level during the day.
The AUDUSD pair gapped lower at the open on Monday, and then broke down.
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest.