We are in bearish mode on AUDUSD currency pair
Here is the illustrations and snapshots for AUDUSD Forecast and technical analysis December 15 2014.
AUDUSD monthly technical analysis and forecast
On the monthly chart of AUDUSD pair we can see a monthly strong support at 0.8000 price level which is also the monthly fibo 61.8 level. But that level is still over 300 pips away. So this week we are expecting a downward move on AUDUSD pair. And we are suppose to safe till price level 0.80000
AUDUSD technical analysis and forecast on H4 chart
On the H4 chart of AUDUSD pair we can see a firm fall on this currency pair. Price is following the trend and suppose to fall more this week.
AUDUSD technical analysis and forecast on H1 chart
On the H1 chart we can see the same confirmation for more downward trend. In fact the first day of the week might be a nice sell entry for this week.
On December 16 there is a AUD Monetary Policy Meeting Minutes. We will carefully monitor this news as this is the only news that might change the current downward trend.
Team YellowFX will be strongly bearish on AUDUSD currency pair till 0.8000 price level.