AUDUSD Forecast June 21, 2016, Technical Analysis
The AUDUSD pair tried to rally during the course of the day on Monday, but gave back about half of the gains in order to form a bit of an exhausted looking candle.
The AUDUSD pair tried to rally during the course of the day on Monday, but gave back about half of the gains in order to form a bit of an exhausted looking candle.
GBPUSD’s downward movement from 1.4769 extended to as low as 1.4012.
AUDUSD remains in downtrend from 0.7834, the price action from 0.7144 could be treated as consolidation of the downtrend.
EURUSD is testing the support of the price channel on daily chart.
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517.
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend.
The GBPUSD pair fell during the day on Thursday, as we broke down below the 1.45 handle.
The EURUSD pair broke down during the day on Thursday, forming an outside bearish candle.
The AUDUSD pair fell during the course of the session on Thursday, testing the 0.74 level.
The EURUSD pair failed to move again during the day on Tuesday, as we are simply grinding sideways.