AUDUSD Forecast November 6, 2014, Technical Analysis
The AUDUSD pair broke down during the session on Wednesday, breaking below the fresh lows and signifying that the market should head down to the 0.85 handle.
The AUDUSD pair broke down during the session on Wednesday, breaking below the fresh lows and signifying that the market should head down to the 0.85 handle.
EURUSD’s downward movement from 1.2867 extended to as low as 1.2441.
The AUDUSD pair continues to show significant weakness as we gapped lower at the open.
As another trading week and month gets underway, it’s time to take a look at several of the major currency pairs in the futures market ahead of what is likely to be an interesting time.
EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3700 (Jul 1 high) has resumed.
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8910.
The AUDUSD pair bounced during the course of the day on Thursday, but still remains trapped in the basic consolidation that we have seen for some time now.
AUDUSD moved sideways in a range between 0.8642 and 0.8898.
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 105.32.
No changed in our view, USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 would possibly be consolidation of the uptrend.