The EURUSD pair broke higher during the course of the session on Wednesday, using the 1.10 level as a bit of a springboard. Because of this, the market looks as if it is ready to continue going higher, and we believe that it is only a matter of time before this market continues to go higher.
The AUDUSD pair initially fell during the day on Wednesday, but then turned back around to form a bit of a hammer.
The GBPUSD pair broke down significantly during the session on Tuesday, slicing through the 1.55 handle.
The EURUSD pair initially fell during the course of the session on Tuesday, but found support just above the 1.09 level in order to form a hammer.
The AUDUSD pair initially fell during the course of the session on Tuesday, testing the 0.74 level.
The People’s Bank of China, China’s central bank,(FXI, quote) has injected 50 billion yuan (US$8.2 billion) into the money market through open market operations, it announced on Tuesday.
The EURUSD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out.
The GBP/USD pair broke higher during the session on Monday, as the 1.55 level offered quite a bit of support.
The AUDUSD pair initially tried to rally during the course of the day on Monday, but found enough resistance above the 0.75 level to turn things back around and form a shooting star.
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but then turned back around to test support below.
