AUDUSD Analysis – November 9, 2013
AUDUSD is now in downtrend from 0.9756, and the fall extends to as low as 0.9352. Further decline could be expected next week, and next target would be at 0.9000 area. Resistance is now at 0.9550, only...
Tag: AUDUSD
AUD/USD Forecast November 11, 2013, Technical Analysis
The AUD/USD pair fell on Friday as the Americans released a stronger than anticipated jobs number, which of course drove the value the US dollar up, and the value of gold down. Remember, the Australian dollar typically...
AUD/USD Forecast November 8, 2013, Technical Analysis
The AUD/USD pair fell during the session on Thursday, raking back down below the 0.95 handle. However, we did find support at 0.9450 level again, so therefore we feel that this market is simply consolidating.
AUD/USD Forecast November 7, 2013, Technical Analysis
The AUD/USD pair went higher during the session on Wednesday, but as you can see still remains right around the 0.95 handle. It would not surprise us at all if this market decided to stay in this...
AUD/USD Forecast November 6, 2013, Technical Analysis
The AUD/USD pair went back and forth during the session on Tuesday, essentially hugging the 0.95 level. This shows the market is still a bit confused at the moment, and seems to be comfortable in this general...
AUD/USD Forecast November 5, 2013, Technical Analysis
The AUD/USD pair rose during the session on Monday, but as you can see the 0.95 level is in fact offering a bit of resistance. However, it does appear that the market is going to make a...
AUDUSD Analysis – November 3, 2013
AUDUSD breaks below the lower line of the price channel on daily chart, suggesting that the uptrend from 0.8847 had completed at 0.9756 already. The pair is now in downtrend, further decline would likely be seen, and...
AUD/USD Forecast November 4, 2013, Technical Analysis
The AUD/USD pair tried to rally initially during the session on Friday, but as you can see the 0.95 level offered resistance yet again. The shooting star is the third one in a row, but quite frankly...
AUD/USD Forecast November 1, 2013, Technical Analysis
The AUD/USD pair rose above the 0.95 handle during the session on Thursday, but as you can see found enough resistance above that large figure in order to push the market back down and form a shooting...
AUD/USD Forecast October 31, Technical Analysis
The AUD/USD pair went back and forth on Wednesday, closing below the 0.95 level. The market is well supported below this area, and the buyers should step into the markets and start going higher.