AUDUSD Daily Analysis – December 1, 2014
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8416.
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8416.
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USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session.
EURUSD failed to break below 1.3258 support and stayed in the trading range between 1.2358 and 1.2599.
The AUDUSD pair has broken down below the recent low, and looks as if it’s ready to head down to the 0.85 handle.
GBPUSD remains in downtrend from 1.6182, the rise from 1.5590 is likely consolidation of the downtrend.
The EURUSD pair initially fell during the course of the day on Monday, but as you can see bounced enough to break back above the 1.24 handle.
The AUDUSD pair fell hard during the session on Monday, continuing the downtrend that we have seen for some time.
GBPUSD remains in downtrend from 1.6182, the rise from 1.5590 is likely consolidation of the downtrend.
EURUSD is facing 1.2358 support, a breakdown below this level will confirm that the downtrend from 1.2867 has resumed,