USDCAD’s up trend remains and the rise from 0.9974 extended to 1.0696 level. Further rise towards 1.1000 is still possible next week. Initial support is located at 1.0500, as long as this level holds, we’d expect up...
USDCHF broke above 1.0623 (May 8 high) previous high resistance and reached as high as 1.0835 level. Further rise to 1.1200 level is still possible in a couple of weeks. Initial support is located at 1.0600, only...
As expected, USDJPY broke above 108.58 previous high resistance and reached 110.36 level. Further rise to 112.00 to reach next cycle top on daily chart is still possible next week. Initial support is at 107.28, as long...
AUDUSD broke below 0.8953 (Mar 20 low) previous low support and reached as low as 0.8866 level. Further fall to 0.8700 to reach next cycle bottom on daily chart is still possible next week and the next...
GBPUSD broke below 1.9337 (Jan 22 low) long term support and dropped sharply to as low as 1.9146 level. Further fall to 1.8600 level is still possible in a couple of weeks. Initial resistance is located at...
EURUSD drops sharply to as low as 1.4997 level. Deeper decline to 1.4700 to reach next cycle bottom on daily chart is possible next week. Initial resistance is at 1.5250, only break of this level will indicate...
USD looks to test 1.50. The USD underwent a bullish trading session yesterday, as it appreciated against all of its major currency rivals. The dollar rose 0.5% and closed under 1.5320 versus the euro in yesterday’s trading...
USDCAD broke above 1.0378 (Jan 22 high) long term resistance and reached to 1.0451 level. Further rise towards 1.0750 level is still possible in next several days. Initial support is at 1.0320 and followed by 1.0200 level....
USDCHF breaks above 1.0539 resistance. Further rise to test 1.0623 (May 8 high) could be seen in a couple of days. Consolidation would more likely be seen before breaking above 1.0623 level. Initial support is at 1.0430,...
USDJPY is testing 108.58 previous high resistance. Further rise towards 112.00 could be seen if 108.58 resistance gives ways. Initial support is at 106.57, only break down below this level will pull price back to retest 103.76...
