The last few days have been interesting ones for crude oil (USO, quote) traders, with the commodity mirroring the volatile price action and associated volume profiles of related markets, and suggesting in turn, that we may be approaching a pause, and possible bottom to the current bearish trend.
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2500.
The AUDUSD pair did almost nothing during the session on Monday, testing the 0.88 level above for resistance.
GBPUSD remains in downtrend from 1.6524, the price action from 1.5951 is likely consolidation of the downtrend.
AUDUSD stays in the trading range between 0.8642 and 0.8898.
EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding.
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2500, the fall from 1.2867 is likely consolidation of the uptrend.
The AUDUSD pair fell during the course of the day on Thursday, but found enough support to turn things back around and form a hammer.
EURUSD’s upward movement extended to as high as 1.2867.
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the 0.88 level but not clearing the resistance above.
