Weekly Forex Market Update & Key Levels June 8 – 12th

WEEKLY FOREX UPDATE

EURUSD – The Euro broke through our resistance line we discussed last week and had a bounce off the 1.10455 level  from a pullback. This may suggest the Euro could go higher this week. A re-test of the 1.1500 level remains to be seen.

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AUDUSD – The Aussie dollar had a volatile week, and currently near yearly lows. The 0.7600 to .75500 price level could face another re test this week, however, I would expect buyers to come in at this level.

AUDUSDH1-060715

 

 

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Chris Ferreira

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