AUDUSD Forecast June 11, 2015, Technical Analysis
The AUDUSD pair broke higher during the day on Wednesday, as we slammed into the 0.78 resistance barrier.
The AUDUSD pair broke higher during the day on Wednesday, as we slammed into the 0.78 resistance barrier.
The EURUSD pair fell initially during the course of the day on Tuesday, but found enough support near the 1.12 level to turn things back around and form a hammer.
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.
GBPUSD could be done with its short-term selloff since the pair is creating a double bottom reversal formation on its 1-hour time frame.
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),
EURUSD stays in the upward price channel on daily chart, and remains in short term uptrend from 1.0462.
The EURUSD pair went back and forth during the course of the session on Monday, as we continue to bounce around the 1.10 level.
The AUDUSD pair did nothing during the session on Monday, as we found support at the 0.78 handle.
GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart.