AUDUSD Forecast July 8, 2015, Technical Analysis
The AUDUSD pair initially fell during the course of the session on Tuesday, testing the 0.74 level.
The AUDUSD pair initially fell during the course of the session on Tuesday, testing the 0.74 level.
The EURUSD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out.
The GBP/USD pair broke higher during the session on Monday, as the 1.55 level offered quite a bit of support.
The AUDUSD pair initially tried to rally during the course of the day on Monday, but found enough resistance above the 0.75 level to turn things back around and form a shooting star.
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but then turned back around to test support below.
The AUDUSD pair fell during the course of the session on Wednesday, as we crashed towards the 0.7650 level.
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA.
The EURUSD pair gapped lower at the open on Monday, crashing into the 1.10 handle. This area had enough support in it though to keep the market afloat and we bounced much higher.
The AUDUSD pair rose during the course of the day on Monday, continuing the bounce that we have seen off of the 0.76 handle.
The EURUSD pair went back and forth during the course of the day on Friday, essentially settling nothing.