Fakeout

AUD/USD OUTLOOK: AUD/USD extends pullback after failing to clear overhead resistance around the 100-day simple moving average The breakout that took place last week appears to have been a fakeout This article looks at AUD/USD’s key technical levels to watch in the coming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter Receive

EUR/USD OUTLOOK: The euro falls sharply against the U.S. dollar, failing to sustain Monday’s breakout Weak economic data in Europe weighs on the common currency The ECB’s policy decision may set the tone for the euro later this week Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from