GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement level lines up with a broken support zone around the 1.3100 major psychological mark, which might now hold as resistance.
The AUDUSD pair fell initially during the course of the session on Tuesday, but turned back around to form a hammer as we press up against the massive resistance at the 0.7675 level.
The GBPUSD pair did very little during the day on Monday, forming a slightly negative candle.
The EURUSD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star.
The AUDUSD pair rose slightly during the day on Thursday, as we continue to see bullish pressure.
The EURUSD pair initially fell during the course of the session on Thursday, but found enough support to turn around and form a bit of a hammer.
The EURUSD pair fell significantly during the course of the session on Wednesday, forming what is essentially a “today shooting star” in this market at the 1.12 level.
The EURUSD pair did have a bullish day during the day on Tuesday, breaking above the 1.12 level.
The AUDUSD pair went back and forth during the course of the day on Tuesday, crashing into the 0.75 level, and then shooting towards the 0.7650 handle.
The AUDUSD pair initially tried to rally during the course of the session on Monday, but turn right back around to form a bit of a shooting star.
