The AUDUSD pair broke higher during the course of the session on Wednesday, breaking above the past couple of shooting stars. Not only that, we have broken above the 0.75 handle, which of course has a certain amount of psychological significance as far as resistance is concerned.
The EURUSD pair initially rallied during the course of the day on Tuesday, testing the 1.1050 level.
The AUDUSD pair initially fell during the course of the day on Tuesday, testing the 0.74 area.
The EURUSD pair initially fell during the day on Monday but found enough support below to turn things around and form a hammer.
The AUDUSD pair continued to break higher during the course of the day on Monday, testing the 0.75 level.
The USDJPY pair initially fell during the course of the session on Friday, but turned back around to form a bit of a neutral candle.
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already.
EURUSD remains in uptrend from 1.0517, the fall from 1.1376 could be treated as correction of the uptrend.
The EURUSD pair initially fell during the course of the day on Wednesday, but we found enough support just above the 1.08 level to turn things back around and form a hammer.
The AUDUSD pair broke out during the day on Wednesday as we cleared the uptrend line that had previously been so resistive.
