Weekly Market Update April 5th -10th

WEEKLY FOREX UPDATE

EURUSD – Will be facing a key resistance point at around 1.10320, however, it may drop down to an area of support before it retests this resistance level.  Long term spectrum of the EURUSD is still bearish.
EURUSDH4 - 040415

AUDUSD – approaching an area of support going into the Asian market open. AUDUSD, may drop further before moving higher to retest prior day’s high. Bearish sentiment is still at play with this currency pair.

AUDUSDH4-040415

US 30 – Approaching an area of support, large impulsive moves to the downside can be seen with lower highs. US30 can move higher into the open, however, a retest of the support could be likely.

US30H4-040415

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Chris Ferreira

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