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TFC Commodity Trading Forum

weekly forex analysis *LINK* *PIC*

AUDUSD broke above 0.9329 resistance, indicating that the pair is now in uptrend from 0.9208. Further rise could be expected, and next target would be at 0.9420 area. Support is at 0.9265, as long as this level holds, the uptrend will continue.

EURUSD broke above 1.3668 resistance, indicating that the downtrend from 1.3993 had completed at 1.3502 already. The pair is is now in uptrend, further rise could be expected and next target would be at 1.3750 area. Support levels are at 1.3580 and 1.3502, only break below these levels could trigger another fall towards 1.3000.