AUDUSD Forecast June 12, 2015, Technical Analysis
The AUDUSD pair initially fell during the course of the session on Thursday, but bounced enough in order to form a bit of a hammer.
The AUDUSD pair initially fell during the course of the session on Thursday, but bounced enough in order to form a bit of a hammer.
The AUDUSD pair broke higher during the day on Wednesday, as we slammed into the 0.78 resistance barrier.
With the US dollar continuing to remain under pressure, despite last week’s positive jobs data, and with various central bank governors adding their weight to the mix, it’s a good time to take a quick look at our four major currency futures of the AUD/USD, CAD/USD, EUR/USD and the GBP/USD.
The AUDUSD pair went back and forth during the course of the day on Tuesday, essentially settling nothing.
The AUDUSD pair broke higher during the course of the day on Monday, clearing the 0.77 level.
AUDUSD is testing 0.7532 support, a breakdown below this level will signal resumption of the long term downtrend from 0.9504 (Jul 1, 2014 high),
The AUDUSD pair did nothing during the session on Monday, as we found support at the 0.78 handle.
The AUDUSD pair broke down during the course of the session on Wednesday, testing the 0.79 handle.
The AUDUSD pair broke down during the course of the session on Friday, clearing the bottom of the shooting star that had formed on Thursday.
After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that the pair remains