AUDUSD Forecast April 26, 2017, Technical Analysis
Commodity currencies got beat severely during the session on Tuesday and of course the Australian dollar was no different.
Commodity currencies got beat severely during the session on Tuesday and of course the Australian dollar was no different.
The EURUSD pair gapped at the open on Monday, as the French elections gave traders confidence in the EUR again.
AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend.
The EURUSD pair pulled back just a bit during the trading session on Wednesday, but still looks bullish and overall the market has been grinding higher sense late December.
The AUDUSD pair fell significantly during the day, testing the 0.75 level.
The EURUSD pair rally during the day on Tuesday, reaching towards the 1.07 level.
The EURUSD pair rally during the day on Monday and relatively thin conditions as Europeans would’ve been celebrating Easter Monday.
The AUDUSD pair rallied during the Monday session, testing the 0.76 level.
The USD/CAD pair fell during the session on Wednesday, crashing into the 1.3250 level.
AUDUSD broke above 0.7514 resistance, indicating that the downward movement from 0.7679 had completed at 0.7473 already.