USDCAD is testing 0.9987 previous low support, a break of this level will indicate lengthier consolidation is underway, and deeper decline to retest 0.9709 could be seen. Key resistance is now located at 1.0326, only break of...
USDCHF’s up trend remains and pullback from 1.0606 is treated as consolidation to the up trend. Further rise to 1.0800 to reach the next cycle top on daily chart is still possible after consolidation. Initial support is...
USDJPY’s up trend remains and the pullback from 105.70 is treated as consolidation to the up trend. Further rise to 108.00 area is still possible after consolidation. Near term support is at the rising price channel, as...
AUDUSD is testing 0.9541 resistance, a break of this level will signal resumption of the long term up trend. Pullback from 0.9541 to test 0.9275 key support would more likely be seen, break below this level will...
GBPUSD stays in a trading range between 1.9599 and 2.0193. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As long as...
Being contained by the key support at 1.5342, EURUSD rebounded from 1.5360. Sideways consolidation in a range between 1.5342 and 1.5700 is expected in the next few days. Pullback to retest 1.5342 is still possible after consolidation...
Yesterday, The USD briefly extended its decline vs. the EUR for the first time in three days after Oil prices hit a record high at more than $120 a barrel. High commodity prices are only exacerbating an...
Last Friday, the greenback continued gaining all across the board against the major currencies. The EUR/USD pair fell for the first time in six weeks below the psychological level of 1.5400, closing the trading session at the...
USDCAD traded in range between 0.9987 and 1.0326. Further rise is possible to retest resistance of the down trend line from 1.0378 to 1.0326. Key resistance is now located at 1.0326, as long as this resistance hold,...
USDCHF’s up trend extends to as high as 1.0606. Further rise to 1.0800 to reach the next cycle top on daily chart is still possible next week. Initial support is at 1.0300, only break of this level...
