AUDUSD Daily Analysis - September 28, 2016 Forex Analysis

AUDUSD's upward movement from 0.7441 extended to as high as 0.7695. Key support is now at 0.7602, as long as this level holds, the uptrend could be expected to continue, and further rise to test 0.7731 resistance is still possible. On the downside, a breakdown below 0.7602 support will indicate that the uptrend is complete, then the following downward movement could bring price back to 0.7400 zone.

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EURUSD Daily Analysis - September 28, 2016 Forex Analysis

EURUSD broke below 1.1200 support that we mentioned yesterday, indicating that the rebound from 1.1123 had completed at 1.1279 already. Another fall to retest 1.1123 support could be expected, a breakdown below this level will signal resumption of the downtrend from 1.1366 (Aug 18 high), then next target would be at 1.1000 area. Resistance is now at 1.1279, only break above this level will indicate that the sideways movement in a range between 1.1123 and 1.1326 is complete, then the following upward movement could bring price to 1.1500 zone.

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