AUDUSD Weekly Analysis – December 20, 2015
AUDUSD stayed in the trading range between 0.6907 and 0.7439 for several months.
AUDUSD stayed in the trading range between 0.6907 and 0.7439 for several months.
The EURUSD pair had a fairly quiet session during the day on Wednesday, even though we had an interest-rate hike in the United States.
The AUDUSD pair initially fell during the day on Wednesday, and then bounced off of the 0.72 handle.
The EURUSD pair broke down during the day on Tuesday, forming a rather significant bearish candle at the 1.10 handle.
The AUDUSD pair fell significantly during the session on Tuesday, as we continue to chop around in this market.
The EURUSD pair broke above the 1.10 level again during the day on Monday, but still hasn’t completely broken out.
The AUDUSD pair broke higher during the day on Monday, clearing the top of the hammer that informed on the previous candle.
The EURUSD pair rose during the course of the session on Wednesday, slamming into the 1.10 level.
The AUDUSD pair went back and forth during the day on Wednesday, but pierced below the bottom of the hammer from Tuesday which of course is a fairly negative sign.
The EURUSD pair broke higher during the course of the day on Tuesday, breaking the top of the hammer that had formed on Monday.