AUDUSD Daily Analysis – March 17, 2014
AUDUSD remains in uptrend from 0.8660 (Jan 24 low), the price action from 0.9080 could be treated as consolidation of the uptrend.
AUDUSD remains in uptrend from 0.8660 (Jan 24 low), the price action from 0.9080 could be treated as consolidation of the uptrend.
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The AUD/USD pair fell initially during the session on Wednesday, but found enough support near the 0.8950 level to turn things back around and form a hammer.
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Brent crude oil (BNO, quote) traded at $108.29 at 5:45 GMT on Wednesday morning as worries about slipping global demand outweighed concern about the situation in Ukraine.
The AUD/USD pair initially try to rally during the session on Tuesday, but as you can see found enough resistance to push the market back down.
The EUR USD pair pullback during the session on Tuesday, but found enough support below in order to bounce and army hammer.