AUDUSD Forecast November 11, 2014, Technical Analysis
The AUDUSD pair fell during the course of the day on Monday, testing the 0.86 level.
The AUDUSD pair fell during the course of the day on Monday, testing the 0.86 level.
GBPUSD is in downtrend from 1.6182, the rise from 1.5790 is likely consolidation of the downtrend.
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.8910 had completed at 0.8540 already.
EURUSD remains in downtrend from 1.2867, the rise from 1.2358 is likely consolidation of the downtrend.
The AUDUSD pair broke down during the session on Wednesday, breaking below the fresh lows and signifying that the market should head down to the 0.85 handle.
EURUSD’s downward movement from 1.2867 extended to as low as 1.2441.
The AUDUSD pair continues to show significant weakness as we gapped lower at the open.
EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3700 (Jul 1 high) has resumed.
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8910.
The AUDUSD pair bounced during the course of the day on Thursday, but still remains trapped in the basic consolidation that we have seen for some time now.