AUDUSD Forecast January 28, 2016, Technical Analysis
The AUDUSD pair rose during the day on Wednesday, breaking above the recent highs that we’ve seen hold as resistance.
The AUDUSD pair rose during the day on Wednesday, breaking above the recent highs that we’ve seen hold as resistance.
AUDUSD recently broke below a rising trend line support visible on the 4-hour time frame, indicating that a downtrend is starting. Price found support at the .6825 area and is showing signs of a correction.
The EURUSD pair initially fell during the course of the day on Wednesday, but found enough buying pressure underneath to turn things back around and form a bit of a hammer.
The AUDUSD pair fell during the day on Wednesday, but bounced off of the lows again, and therefore ended up forming a hammer.
The EURUSD pair initially fell during the day on Monday, but turned back around to form a bit of a hammer.
The AUDUSD pair fell during the day on Monday, as we continue to show signs of weakness in the Australian dollar.
The EURUSD pair went back and forth during the course of the day on Wednesday, using the 1.08 level as a bit of a springboard in order to keep the market afloat.
AUDUSD fell significantly during the course of the session on Wednesday, as the market continues to bounce around the 0.70 level.
The EURUSD pair fell significantly during the day on Tuesday, as we race towards the 1.08 level.
AUDUSD is currently bouncing off the bottom of its long-term range visible on the daily time frame, partly supported by the pickup in risk sentiment and stronger than expected data in China.