Viewing daily forex charts, one can see that the past several days have been marked by clear trendline breaks on multiple currency pairs. These include:
EUR/USD - On 7/3, broke down below an uptrend support line extending from the late April low. The pair then pulled back up and has now descended once again.
GBP/USD - On 7/2, broke down below an uptrend support line extending from a late April low. Has continued its bearish run since.
AUD/USD - On 7/2, broke down below an uptrend support line extending from an early March low. The pair then pulled back up and has now descended once again.
GBP/JPY - On 7/8, broke down below an uptrend support line extending from the late January low.
EUR/GBP - On 7/6, broke out above a downtrend resistance line extending from the mid March high.
AUD/JPY - On 7/6, broke down below an uptrend support line extending from the early February low.
EUR/JPY - On 7/6, broke down below an uptrend support line extending from the late January low.
NZD/USD - On 7/2, broke down below an uptrend support line extending from an early March low. The pair then pulled back up and has now descended once again.
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