USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern. Price appears to have found resistance at the top of the formation once more and might be due for another test of support.
EURUSD pair fell during the day on Thursday, as we drove lower and trying to reach down to the 1.1050 level.
The AUDUSD pair went back and forth during the course of the day on Thursday, as we continue to bang around just below the 0.72 handle.
The EURUSD pair initially fell during the course of the day on Wednesday, but found enough support just below to turn things back around and form a hammer.
The AUDUSD pair broke higher during the course of the session on Wednesday, but still remains below the 0.72 level, an area that we see as the “ceiling” in this market.
The EURUSD pair initially tried to rally during the day on Tuesday, but turned back around to form a bit of a shooting star.
The AUDUSD pair initially tried to rally but turned back around to fall significantly during the day.
The EURUSD pair fell significantly during the course of the session on Monday, in reaction to Mario Draghi suggesting that the European Central Bank could very well work against the value of the Euro as there are a lot of concerns with the marketplace now.
The AUDUSD pair initially tried to rally during the day on Monday, but turned back around to show a bit of a shooting star.
USDJPY has been trending lower in the past few days, moving below a descending trend line on its 1-hour time frame.
