AUDUSD Forecast May 24, Technical Analysis
The AUDUSD pair went back and forth on Monday, as we continue to struggle with the 0.73 level.
The AUDUSD pair went back and forth on Monday, as we continue to struggle with the 0.73 level.
EURUSD’s fall from 1.1616 extended to as low as 1.1179. Deeper decline to test the support of the upward price channel on daily chart could be seen next week.
AUDUSD continued its downward movement from 0.7834, and the fall extended to as low as 0.7175.
GBPUSD remains in downtrend from 1.4769, the rise from 1.4332 could be treated as correction of the downtrend.
The EURUSD pair fell slightly during the course of the day on Wednesday, as we continue to see quite a bit of volatility in this choppy market.
The AUDUSD pair initially fell during the course of the session on Wednesday but turned around to form a hammer.
The EURUSD pair did very little during the day on Monday, as we continue to hang just above the 1.13 level.
The AUDUSD pair tried to rally during the day on Monday, and did manage to get above the 0.73 level, but could not hang onto the gains in the end.
AUDUSD’s downward movement from 0.7834 extended to as low as 0.7253.
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517,