EURUSD Forecast March 3, 2017, Technical Analysis
The EURUSD pair fell during the Thursday session, testing the 1.05 level for support.
The EURUSD pair fell during the Thursday session, testing the 1.05 level for support.
AUDUSD recently broke below its ascending channel visible on the 1-hour and 4-hour time frames. Price has dipped to a low of .7635 before showing signs of a pullback. Applying the Fib tool on the swing high and low shows that the 50% retracement level lines up with the broken support.
The EURUSD pair initially fell on Tuesday, but found enough support underneath to bounce a bit and reach towards the 50-day exponential moving average.
The AUDUSD pair chopped around during the day on Monday, as we continue to see quite a bit of volatility.
The EURUSD pair rallied on Monday, as we continue to see plenty of volatility.
No changed in our view, AUDUSD remains in uptrend from 0.7159.
GBPUSD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.1986.
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0340, and the fall from 1.0774
The USDCAD pair did very little during the day on Tuesday as we continue to hug the previous uptrend line.
AUDUSD is slowly trending higher, moving inside a rising wedge pattern visible on its 1-hour and 4-hour charts. Price is testing the resistance and could be due for a move back to support at the .7475 level.