EURUSD Weekly Analysis – March 20, 2016
EURUSD is facing 1.1376 resistance, a break of this level will confirm that the uptrend
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.
A Boeing 737-800 passenger plane en route from Dubai, United Arab Emirates, to Rostov-on-Don in Russia’s southwestern Rostov region, crashed on Saturday at the city airport, killing all 62 people onboard, said the Investigative Committee of Russia.
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.
China is set to achieve its annual economic growth target while pushing forward supply-side reform, Premier Li Keqiang said on Wednesday.
The EURUSD pair fell during the course of the session on Wednesday, testing the 1.1050 level.
The AUDUSD pair went back and forth on Wednesday, as we continue to see quite a bit of interest between the 0.74 level on the bottom, and the 0.75 level on the top.
The EURUSD pair fell during the course of the day on Monday, but we are approaching a bit of support at the 1.1050 level, so at this point in time we will more than likely find a supportive candle in order to start buying again.
AUDUSD has been trending higher, thanks to the pickup in risk appetite. Price stalled upon hitting resistance near .7600 and is showing signs of a pullback, possibly to the rising trend line visible on the 4-hour chart.
AUDUSD is now in uptrend from 0.6826, and the rise extended to as high as 0.7583.