The EUR/USD pair went sideways initially during the day on Wednesday, but rolled over to fall down towards the 1.14 level. That’s an area that it obviously could cause some support due to the fact that it...
The Australian dollar had a strong session on Wednesday as Janet Yellen testified in front of Congress that the interest rate hikes coming out of the United States might be a little bit more measured and slower...
The USD/JPY pair has been bullish during the session on Tuesday, testing the 114.50 level. I still believe that the larger resistance is at the 115 handle, so if we can break above there, then I think...
The US dollar rose slightly against the Canadian dollar on Tuesday, as we await the Bank of Canada interest rate decision coming out today. It is anticipated that the BOC will raise rates, and if they don’t,...
The GBP/USD pair initially tried to rally during the session on Tuesday, but found quite a bit of selling pressure near the 1.2925 handle. This was based upon MPC Member Broadbent suggesting that perhaps monetary policy wasn’t...
The EUR/USD pair went sideways initially during the day on Tuesday, as we continued to tread water just below the 1.14 handle. We did break out to the upside, but as I write this, we are still...
The AUD/USD pair initially tried to rally during the day on Tuesday, but found the 0.7625 level to be resistive again. However, when I look at the chart overall, looks as if we are trying to form...
The US dollar rose against the Japanese yen at the beginning of the Asian session on Monday, but once the Europeans and the Americans came on board, it became very quiet. A lot of this may be...
The US dollar initially rallied against the Canadian dollar, but found a bit of resistance near the 1.2930 level. We rolled over there, which is interesting because it was previously supportive. However, later in the day we...
The British pound initially tried to rally against the US dollar on Monday, but found enough resistance near the 1.29 level, and therefore fell a bit. We found support at the 1.2850 level, but it looks as...
