AUD/USD Forecast December 16, 2014, Technical Analysis
The AUD/USD pair went back and forth during the course of the session on Monday, and as a result it looks as if it is ready to simply go sideways. Ultimately though, if we can close below...
Tag: AUDUSD
AUDUSD Daily Analysis – December 16, 2014
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8200. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to...
AUDUSD Daily Analysis – December 15, 2014
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795. Further decline could be expected over the next several days, and next target would be at 0.8000 area. Near term resistance...
AUDUSD Weekly Analysis – December 14, 2014
AUDUSD’s downward movement from 0.9504 extended to as low as 0.8214. Resistance is located at the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...
AUD/USD Forecast December 15, 2014, Technical Analysis
The AUD/USD pair tried to rally initially during the session on Friday but then turned back around to fall. The market is currently sitting just above the 0.82 level, and as a result we feel that there...
AUD/USD Forecast December 12, 2014, Technical Analysis
The AUD/USD pair fell during the course of the day on Thursday, testing the lows yet again at the 0.82 handle. We believe that a move below that area should send this market looking for the 0.80...
AUDUSD Daily Analysis – December 12, 2014
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8214. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, further decline could be expected, and...
AUDUSD Channel Resistance (Dec 11, 2014)
AUDUSD is moving up to test the channel resistance on its 4-hour time frame, as the top of the falling range lines up with the 200 simple moving average. This has acted as a dynamic inflection point...
AUDUSD Daily Analysis – December 11, 2014
AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8000 area. Only...
AUD/USD Forecast December 10, 2014, Technical Analysis
The AUD/USD pair initially rallied during the course of the session on Tuesday, but gave back about half of the gains. That being the case, the Australian dollar still looks like it’s ready to sell off, and...