AUDUSD Forecast January 7, 2015, Technical Analysis
The AUDUSD pair broke down during the course of the day on Wednesday, finally breaking down below the uptrend line that has been holding it up for some time.
The AUDUSD pair broke down during the course of the day on Wednesday, finally breaking down below the uptrend line that has been holding it up for some time.
The EURUSD pair broke down below the 1.08 level during the day on Tuesday, showing that the market is continuing to show real selling pressure.
The AUDUSD pair fell during the course of the session on Tuesday, but as you can see is testing the uptrend line from the ascending triangle that we have been paying so much attention to.
The EURUSD pair had a very volatile Monday, as we initially tried to rally, but turned back around to crash into the 1.08 level, and the 50 day exponential moving average.
The AUDUSD pair fell during the day on Monday, reaching towards the bottom of the ascending triangle that we have been trading in.
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds,
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend.
The USDJPY pair fell during the course of the session on Thursday, as we continue to grind our way down to the 120 handle.
The AUDUSD pair broke higher during the course of the day on Monday, but only and a fairly lackluster manner.
EURUSD is now in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend.