This week, two currency pairs will be in focus: EUR/USD and AUD/USD.
EUR/USD: The EUR/USD pair has been trading in a range between 1.1200 and 1.1300. Traders will be watching for a breakout above or below this range to determine the next direction of the pair. Key support is seen at 1.1200, while resistance is at 1.1300.
AUD/USD: The AUD/USD pair has been in a downtrend, with key support seen at 0.6800. Traders will be monitoring the pair for any signs of a reversal or continuation of the downtrend. Resistance is seen at 0.6900.
Overall, both currency pairs are in consolidation phases, and traders will be waiting for clear breakout signals to determine their next moves.