EURUSD Weekly Analysis – March 27, 2016
EURUSD stays above the upward trend line on daily chart, and remains in uptrend from 1.0517.
EURUSD stays above the upward trend line on daily chart, and remains in uptrend from 1.0517.
AUDUSD remains in uptrend from 0.6826, the fall from 0.7680 is likely consolidation of the uptrend.
The EURUSD pair initially fell during the course of the session on Tuesday, testing the 1.12 level.
The AUDUSD pair initially fell during the day on Tuesday but found enough support just above the 0.75 level to turn things around and form a slightly positive candle.
The EURUSD pair fell slightly during the course of the day on Monday, as we continue to see quite a bit of volatility.
The AUDUSD pair had a fairly volatile session on Monday, but ultimately settled on a relatively negative candle.
The USDCAD pair fell initially during the day on Friday, but it now appears that the uptrend line may catch this market and turning back around.
EURUSD is facing 1.1376 resistance, a break of this level will confirm that the uptrend
AUDUSD’s upward movement from 0.6826 extended to as high as 0.7680.
The AUDUSD pair initially fell during the course of the session on Thursday, and then turn right back around to continue going higher. We had a very strong positive candle form during the course of the day on Wednesday, as the Federal Reserve has stepped away from interest-rate hikes, at least as far as the number of them in the year 2016 is concerned.