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.
No changed in our view, EURUSD is in uptrend from 1.0517, the fall from 1.1376 is likely consolidation of the uptrend.
The EURUSD pair broke higher after initially dropping during the session on Wednesday, as we prepare for the ECB interest rate announcement and of course monetary policy statement.
The AUDUSD pair broke higher during the course of the session on Wednesday, breaking above the past couple of shooting stars. Not only that, we have broken above the 0.75 handle, which of course has a certain amount of psychological significance as far as resistance is concerned.
The EURUSD pair initially rallied during the course of the day on Tuesday, testing the 1.1050 level.
The AUDUSD pair initially fell during the course of the day on Tuesday, testing the 0.74 area.
The EURUSD pair initially fell during the day on Monday but found enough support below to turn things around and form a hammer.
The AUDUSD pair continued to break higher during the course of the day on Monday, testing the 0.75 level.
The USDJPY pair initially fell during the course of the session on Friday, but turned back around to form a bit of a neutral candle.
