EUR/AUD tries to form a top
Last week EUR/AUD tested the highest levels since 2009 at 1.6780, but failed to hold there and closed at 1.65 forming a candlestick with a long upper shadow on W1.
Daily Market Analysis
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AUD may have a break
The decline of the AUD versus the USD has been steady since July 19. This week AUD/USD has tested the lowest levels since 2009, but then turned back up.
XAU/USD: is more upside possible?
XAU/USD remains in an uptrend. This week it rose above the key psychological level of 1,500.
GBP/AUD has potential
GBP/AUD is having a bumpy ride. The pair has been trading in a downtrend since May.
AUD/NZD keeps moving up
Technical analysis of AUD/NZD
USD/CAD is facing resistance
USD/CAD spiked towards the resistance in the 1.3350 area but failed to close above 1.3305.
EUR/USD: levels to trade
On Tuesday, EUR/USD formed a candlestick with a small body and long upper and lower wicks - this is a sign of the market’s uncertainty.
CHF/JPY failed to recover
CHF/JPY has recently broken below the support line from May lows.
EUR/CHF gets some help
It turns out that the Swiss National Bank is buying foreign currency in order to limit the appreciation of the CHF.
EUR/JPY is in doubts
Two scenarios for EUR/JPY
USD/CHF is capable of more
USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet.
EUR/USD: a “hammer”
Despite the fact that EUR/USD fell as low as to 1.1025, it still managed to close the week above 1.11.