GBPUSD Daily Analysis – September 30, 2014
GBPUSD remains in downtrend from 1.6524, as long as 1.6340 resistance holds, the downtrend could
GBPUSD remains in downtrend from 1.6524, as long as 1.6340 resistance holds, the downtrend could
EURUSD remains in downtrend from 1.3411, as long as 1.2765 resistance holds, the downtrend could be expected to continue, and next target would be at 1.2500 area.
The AUDUSD pair rose during the course of the day on Monday, as we bounced a bit off of the 0.87 handle. However, the 0.88 level above should be resistive, so we look at this is a potential selling opportunity.
GBPUSD’s downward movement from 1.6524 extended to as low as 1.6214.
EURUSD continued its downward movement from 1.3411, and the fall extended to as low as 1.2666.
AUDUSD’s downward movement from 0.9401 extended to as low as 0.8692.
EURUSD’s downward movement from 1.3411 extended to as low as 1.2696.
The AUDUSD pair fell during the course of the day on Thursday, breaking below the 0.88 support level.
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9401, the rise from 0.8831 is likely consolidation of the downtrend.
EURUSD continued its downward movement from 1.3411 and the fall extended to as low as 1.27734.