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DailyFX Home /
Forex Technical Analysis /
Forex Candlestick Summary
Forex Candlestick Summary
| Symbol | Trend Bias | Time Frame | Candlestick Formation | Candle Bias | Chart Links |
|---|---|---|---|---|---|
| EUR/USD | bullish | daily | View Chart | ||
| USD/JPY | bullish | daily | View Chart | ||
| GBP/USD | bearish | daily | SHOOTING STAR | bearish | View Chart |
| AUD/USD | neutral | daily | View Chart | ||
| USD/CAD | bullish | daily | View Chart | ||
| NZD/USD | neutral | daily | View Chart |
AUD/USD Stalls Near Familiar Range Bottom
AUD/USD Technical Strategy: Flat
Prices are testing support at 1.0246, the 38.2% Fibonacci expansion. A break downward confirmed on a daily closing basis exposes the 50% level at 1.0204. Near-term resistance is at 1.0299, the 23.6% Fib, with a turn above that aiming for the April 30 high at 1.0384. Current positioning doesn’t offer an actionable trade setup and we will stand aside for now.
Daily Chart - Created Using FXCM Marketscope 2.0
Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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