GBPUSD Daily Analysis – September 16, 2016
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
AUDUSD is in consolidation of the downtrend from 0.7731.
The AUDUSD pair initially tried to fall, but then turned around to slam into the 0.75 level.
The EURUSD pair went back and forth during the day on Monday, as we continue to try to find our footing in this market.
The Australian dollar initially fell during the course of the session on Monday, testing the 0.75 level.
The EURUSD pair initially took off to the upside during the day on Thursday, but turned right back around below the 1.1350 level to form a shooting star.
The AUDUSD pair initially tried to rally during the course of the day on Thursday, but then turned right back around to form a nasty looking shooting star.
The GBPUSD pair fell significantly during the course of the day on Wednesday, as we found quite a bit of resistance in the area of 1.34 above.
The EURUSD pair initially tried to rally during the course of the session on Wednesday, but then turn right back around to form a shooting star.
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.7755 had completed at 0.7489 already.