AUDUSD Forecast August 20, 2015, Technical Analysis
The AUDUSD pair initially broke higher during the course of the session on Wednesday, but found enough resistance near the 0.74 level to turn things back around.
The AUDUSD pair initially broke higher during the course of the session on Wednesday, but found enough resistance near the 0.74 level to turn things back around.
The EURUSD pair fell during the day on Tuesday, reaching down towards the 1.10 handle.
The AUDUSD pair broke down a little bit during the session on Tuesday, but quite frankly we have a lot of noise below us.
The AUDUSD pair broke higher during the course of the session on Wednesday, bouncing off of extreme lows near the 0.7250 level.
The EURUSD pair broke higher during the course of the session in a massive show strength on Wednesday.
The EURUSD pair broke higher during the course of the session on Tuesday, clearing the 1.10 level.
The AUDUSD pair initially tried to rally during the course of the session on Tuesday, but fell back down to break below the 0.73 handle.
The AUDUSD pair fell during the course of the session on Monday, but found enough support near the 0.7350 level to turn things back around and bounce.
The EURUSD pair initially tried to fall during the course of the session on Monday, but we turned back around and broke above the 1.10 level.
AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around the .7400 major psychological mark and the 200 SMA.