By Elliott Wave International No doubt, you’ve heard: The tech-heavy Nasdaq Composite just passed the 10-thousand mark for the first-time ever, even as the DJIA remains below its February high. This infatuation with technology is nothing new....
USDCAD extended its upside movement from 1.3314 to as high as 1.3666. Further rally is still possible after a minor consolidation and next target would be at 1.3750 area. Near term support is at 1.3500, a breakdown...
USDJPY broke above 107.30 resistance, suggesting that the downside movement from 109.84 had completed at 106.57 already. Range trading between 106.57 and 108.30 would likely be seen in a couple of days.
AUDUSD is testing that support of the rising trend line on the 4-hour chart. A breakdown below the trend line support would confirm that the upside movement from 0.6401 had completed at 0.7063 already, then the pair...
GBPUSD extended its downside movement from 1.2812 to as low as 1.2473. Further decline would likely be seen and next target would be at 1.2300 area. Near term resistance is at 1.2600, a break of this level...
EURUSD broke below 1.1240 support, suggesting that the upside movement from 1.0766 had completed at 1.1422 already. Deeper decline would likely be seen and next target would be at 1.1150 area. Near term resistance is at 1.1300,...
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.4048 had completed at 1.3314 already. Further rally would likely be seen and next target would be at 1.3850 area....
USDJPY extended its downside movement from 109.84 to as low as 106.57. Further decline would likely be seen and next target would be at 106.00 area. Near term resistance is at 107.30, a break of this level...
AUDUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the fall from 0.7063 would possibly be consolidation for the uptrend from 0.6401, another rise...
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the uptrend from 1.2073 had completed at 1.2812 already. Another fall towards 1.2100 would likely be seen in the coming days....
