AUDUSD
As a result of market declines in the morning we reached today level of last week’s lows where was bullish response. But it is not too strong and lasting from midday growth seems more like a correction than a new impulse. Despite all the potential growth could reach vicinity of the local resistance coinciding with the golden ratio 61.8% Fibonacci correction of the ongoing since last year ( last Friday) declines.
EURUSD
As a result of today’s declines market defeated crucial support coinciding with the level of 61.8% Fibonacci correction of previous increases. If in the near future demand does not negate the breakout the decline could reach even around the level of 1.0355.
GBPUSD
The situation is almost the same as in the case of EURUSD. To declines could continue we would have to overcome first support area at level drawn by measuring 61.8% Fibonacci correction of previous increases.
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