Month: November 2016

AUDUSD – 1 Hour Chart As identified in yesterday’s chart analysis, the AUDUSD found support around the diagonal support area and then moved higher. Price is now testing the bearish channel resistance area. The moving averages are bullish and are widening, suggesting that price could move higher and potentially break the channel resistance. …

AUDUSD – 1 Hour Chart As suggested in yesterday’s chart analysis, the AUDUSD found resistance around the channel resistance area and was then bearish. Price continues to be choppy and indecisive though. The moving averages confirm this – they are crossing frequently and providing no clear direction. Price continues to stay within the …

AUDUSD – 1 Hour Chart Price continues to be choppy and indecisive. The moving averages confirm this – they are crossing frequently and providing no clear direction. Price could be forming a bearish channel or consolidation, suggesting that price could move lower over coming days. Trading opportunities could exist around the identified …