AUDUSD Weekly Analysis – September 13, 2015
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.8162.
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.8162.
EURUSD remains in downtrend from 1.1713, the bounce from 1.1087 is likely correction of the downtrend.
The AUDUSD pair fell during the course of the day on Wednesday, as the area above the 0.70 level continues offer resistance.
USDCAD has been moving sideways for quite some time, but the pair seems to have formed lower highs on the 1-hour time frame.
The EURUSD pair initially fell during the day on Tuesday, but found support yet again as the market looks like it is trying to find enough support to turn things back around.
The AUDUSD pair broke higher during the course of the day on Tuesday, clearing the 0.70 level at one point.
Fifty Chinese brokerages have vowed to pledge a total of 100 billion yuan ($15.7 billion) to back up stock purchases, as regulators move to further prop up the shaking market, reported Securities Times.
The AUDUSD pair fell during the course of the session on Wednesday, testing the 0.70 level for support.
AUDUSD’s downward movement from 0.8162 extended to as low as 0.7037.
EURUSD broke above 1.1467 resistance, and reached as high as 1.1713.