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AUD/USD EUR/USD Weekly Forecast 21 Mar 16

AUD/USD EUR/USD Weekly Forecast 21 Mar 16
Sunday, March 20th, 2016 @ 4:38 pm by The Geek

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Good day forex traders.

In the previous AUD/USD forecast we noted that the currency pair was bullish. It remained above the upper bollinger band. We might see a test of the 0.76 resistance in the upcoming week.

In the previous EUR/USD forecast we noted that bullish momentum might test 1.12 again before targeting the upper bollinger band. The middle bollinger band would be a likely support for any bearish return.

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Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair is bullish for the week. It tested 0.76 as expected.

The currency pair has not established a new range. If it remains engaged above 0.76, we may see it easing into the 0.76 to 0.785 channel.

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and the fundamental analysis of the AUD/USD EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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