Here's what charts we are watching today!
AUDUSD has filled our bullish scenario criteria, GBPUSD is back on the front foot and the USD has tanked to the downside!
AUD/USD
1D Chart
Price has moved above the 0.7546 level, confirming our bullish bias. We are anticipating a continued push to the upside, with eyes on the next resistance at 0.7600.
1H Chart
Price is making a pullback today and we're anticipating a continued upside push after a retracement.
EUR/USD
1D Chart
EURUSD has broken above the 1.660 pivot after a bullish push yesterday. EUR/USD is now approaching the resistance trendline, where we are watching for a break.
1H Chart
Now that price has broken above the 1.660 pivot price has broken above both ranges we anticipate a retest of the broken resistance, and then price to bounce. That is what we are looking for in the coming week.
GBP/USD
4H Chart
Price has continued to hold support, and we continue to look for upside into the 1.3900 level. We anticipate that the 1.3900 level will cause price to bounce or break above.
EUR/GBP
1D Chart
Price has broken the resistance trendline and has broken above resistance. We may see continued upside on this pair.
1H Chart
Price has pushed into a bullish structure, having now formed a higher high and a higher low. We are now looking for price to make a move into the pivot point at 0.85250.
