AUDUSD Weekly Analysis – June 12, 2016
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend.
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend.
The GBPUSD pair fell during the day on Thursday, as we broke down below the 1.45 handle.
The EURUSD pair broke down during the day on Thursday, forming an outside bearish candle.
The AUDUSD pair fell during the course of the session on Thursday, testing the 0.74 level.
The EURUSD pair failed to move again during the day on Tuesday, as we are simply grinding sideways.
The AUDUSD pair broke higher during the day on Tuesday, as we have cleared the 0.74 level.
GBPUSD moved sideways in a trading range between 1.4332 and 1.4769.
Being contained by the bottom of the upward price channel on daily chart, EURUSD rebounded from 1.1097,
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend.
The EURUSD pair initially fell during the course of the session on Wednesday, but then turn right back around as the Euro gained in general.