Ardy

Ardy

AUDUSD looking like its poised to test the 0.236 fibo level at around 0.937. Taken in conjunction with the daily chart, we need to see the pair break convincingly above 0.93 for this to be possible.

Ardy

A break above 0.93 will allow this pair more room towards 0.94 and then 0.96. Double bottom seen to support the bulls. But break and close above 0.93 is pivotal.

Ardy

GBPUSD Needs to break 0.382 Fib level to sustain upward traction

Ardy

Pair looking like its going to test the down trend line on the weekly time frame. Stochastics supports this view at the moment.

Ardy

Looking the audusd monthly chart, I see a potential for the pair to retrace to 0.955 area. Now just below the 0.93 handle at the 0.926 level, next week will be pivotal in seeing whether the pair remains buoyant.