AUDUSD Daily Analysis – October 28, 2014
AUDUSD moved sideways in a range between 0.8642 and 0.8898.
AUDUSD moved sideways in a range between 0.8642 and 0.8898.
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 105.32.
No changed in our view, USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 would possibly be consolidation of the uptrend.
GBPUSD continued its sideways movement in a range between 1.5874 and 1.6226.
EURUSD is now in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend.
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8898.
GBPUSD moved sideways in a range between 1.5874 and 1.6226. As long as 1.6226 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6524, and another fall to 1.5600 area could be expected after consolidation.
EURUSD fell initially during the session here on Thursday, but ended up forming enough positive momentum towards the end of the day to form a little bit of a hammer.
The AUDUSD pair tried to rally during the course of the day on Thursday, but found the 0.88 level be far too resistive and therefore turned back around and form a shooting star.
GBPUSD failed to break above 1.6226 resistance, and stayed in the trading range between 1.5874 and 1.6226.