AUDUSD Weekly Analysis – March 6, 2016
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already.
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already.
EURUSD remains in uptrend from 1.0517, the fall from 1.1376 could be treated as correction of the uptrend.
The EURUSD pair initially fell during the course of the day on Wednesday, but we found enough support just above the 1.08 level to turn things back around and form a hammer.
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.
EURUSD pair initially tried to rally on Monday but then spent most of the day falling.
The AUDUSD pair bounced at the open on Monday, but quite frankly with the massively negative candle that we had formed on Friday, we are still very bearish of this market.
The EURUSD pair fell initially during the course of the session on Thursday, but turned back around to form a hammer yet again.
The AUDUSD pair broke higher during the course of the session on Thursday, but we still remain
The EURUSD pair fell just a bit during the course of the session, testing the 1.10 level.
The AUDUSD pair went back and forth during the day on Tuesday but turned back around to form a bit of a shooting star.