AUDUSD Daily Analysis – March 28, 2017
AUDUSD stays in the descending price channel on 4-hours chart and remains in downtrend from 0.7749.
AUDUSD stays in the descending price channel on 4-hours chart and remains in downtrend from 0.7749.
The EURUSD pair initially fell during the day on Friday, but found enough support at the 1.0750 level to turn these around to form a hammer.
AUDUSD remains in downtrend from 0.7749.
EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend.
GBPUSD’s upward movement from 1.2109 extended to as high as 1.2531.
The AUD/USD pair fell initially during the course of the session on Wednesday, but turned around to form a nice-looking hammer.
The EURUSD pair fell initially during the day on Wednesday but found enough support just below the 1.08 level to turn things around and form a hammer.
GBPUSD continued its upward movement from 1.2109 and the rise extended to as high as 1.2494.
AUDUSD stays above 0.7663 support and remains in uptrend from 0.7490.
EURUSD failed to break below 1.0493 support and is now facing the channel resistance.