Page 6 of 6 FirstFirst ... 456
Results 51 to 53 of 53
 3 Attachment(s)    

Thread: AUDUSD

  1. #51
    Banned
    Join Date
    Nov 2015
    Posts
    64

    Default


    The AUD/USD pair went back and forth during the course of the session on Monday, showing that there is quite a bit of confusion in this market. With that being the case, we think that there is still a significant amount of support near the 0.70 level below. It’s hard to imagine the market breaking down below there significantly, and at this point in time it’s very likely that we will continue to see quite a bit of volatility. The Australian dollar has quite a bit of resistance just above as well, so quite frankly this is going to be a very difficult market to be involved in.

  2. #52
    Banned
    Join Date
    Nov 2015
    Posts
    64

    Default


    The AUD/USD pair initially fell during the course of the day on Tuesday, breaking well below the 0.70 level to test for support. We found quite a bit there, and ended up turning back around to form a hammer. Thatís obviously very bullish sign, but at the end of the day we recognize that there is still quite a bit of noise above as well. With that, we are simply sitting on the sidelines at this point in time, waiting for a longer-term signal to start following again. We will keep you informed.

  3. #53
    Banned
    Join Date
    Nov 2015
    Posts
    64

    Default


    The AUD/USD pair initially tried to rally during the course of the week, but found quite a bit of resistance at the bottom of the previous uptrend line that had been so supportive. By doing so, the shooting star suggests that we are going to fall from here. That being the case, itís very likely that the market will try to get down to the 0.70 level.

Similar Threads

  1. Correlation between AUDUSD and NZDUSD
    By fxtester in forum Technical analysis
    Replies: 0
    Last Post: 12-17-2015, 17:27
  2. Correlation between AUDUSD and gold
    By fxtester in forum Technical analysis
    Replies: 0
    Last Post: 12-17-2015, 17:13
  3. Historical data for AUDUSD since 1970
    By fxtester in forum Technical analysis
    Replies: 0
    Last Post: 01-28-2015, 23:32

Tags for this Thread

high, pattern, support

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •