Monday, 1 April 2013

AUD/USD and EUR/USD hourly charts show USD weakness to start the week #aud #eur

The AUD/USD and EUR/USD hourly charts both show USD weakness to start the week, and bounces from trend lines for both suggest that the weakness has fair odds of extending.

AUD/USD first, rallying from trend line support and through trend line resistance.


EUR/USD rallying from retest of lower trend line of the megaphone pattern, which itself indicates an impending EUR/USD rally and accompanying USD weakness.