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The EURUSD is continuing to hold its uptrend on the weekly chart after this last retracement. We are starting to come into an area where buyers on the weekly chart may become interested. The daily chart pulled back and tested the 1.3700 level and bounced a little bit. If the EURUSD takes out the 1.3775 level look for a quick move to the 1.3800 in the near term.

 

 

 

The weekly chart on the GBPUSD remains bullish. Last week steady buyers came into the market. Watch for the GBPUSD to continue to move higher but wait for a possible PBS on the 4 hour chart near the 1.6600 area.

 

 

 

The AUDUSD had a fairly bullish week last week as prices moved into the 40 ma on the weekly chart and the .9300 area. We saw sellers react to these levels as prices began to come off on Friday. Look for the daily chart to possible kick off a retracement to the .9100 to the .9130 area.

 

 

 

The USDCAD still looks like the uptrend on the weekly chart is still intact after this recent retracement. The weekly chart may want to continue to come off further or base out. The Daily chart retraced and tested the 1.100 level last week. The hourly chart shows a strong amount of buyers coming into the market at the 1.100 area. Watch for the USDCAD in the short term to make another effort higher to the 1.1100 level.

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