AUDUSD Daily Analysis – December 22, 2014
AUDUSD remains in downtrend from 0.8794.
AUDUSD remains in downtrend from 0.8794.
This week, Russian President Vladimir Putin assured markets that the Russian economy could withstand the drop in prices despite the ruble’s recent fall.
EURUSD is facing 1.2247 support, a breakdown below this level will signal resumption of the downtrend from 1.2867 (Oct 15 high), then next target would be at 1.2000 area.
The AUDUSD pair as you can see initially went higher during the course of the session on Thursday,
EURUSD moved sideways in a trading range between 1.2247 and 1.2599.
The AUDUSD pair originally broke higher during the session on Tuesday, but as you can see the sellers step back in and started pushing the market down at the 0.8250 level.
USDJPY is facing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795.
Mohit Jayachandran is breathing a sigh of relief. The 30-year-old engineer with Fluor Daniel, a multinational engineering and project management company in Gurgaon, near India’s capital New Delhi, says he will be having a decent end-of-year vacation this time, after a long year.
The AUDUSD pair bounced during the session on Monday, but quite frankly we feel that any bounce at this point in time is just simply going to be an invitation to start selling again.