Yesterday the USD saw bullish momentum against all of its currency pairs. The USD’s value was boosted by Fed Chairman, Bernake’s hawkish speech and the better than expected Factory Orders, which were released at 1.1% compared with...
USDCAD is testing the resistance of the price channel. Pullback from the channel resistance to form a cycle top on daily chart is expected. Key resistance is located at 1.0242, only break above this level will signal...
USDCHF formed a sideways consolidation in a range between 1.0214 and 1.0623. Pullback below 1.0214 level to reach the next cycle bottom on daily chart will more likely be seen. Initial resistance is at 1.0526, a break...
USDJPY’s up trend remains. Further rise to 106.60 area to reach the next cycle top on daily chart is still possible in a couple of days, and the next cycle top is nearing. Near term support is...
AUDUSD is in correction to up trend. Further pullback to test the up trend line from 0.8953 to 0.9291 is possible in a couple of days. As long as the trend line support holds, we’d expect up...
GBPUSD is in correction to the up trend. Deeper decline to 1.9500 area is still possible in a couple of days. As long as 1.9363 support holds, we’d expect up trend to resume, and a break of...
EURUSD is in down trend, and the fall from 1.5818 extends to as low as 1.5410. Deeper decline could be seen to test 1.5284 previous low support in a couple of days, and break below this level...
Today’s US Dollar Trading • USD mixed, US data no help• Stops drive a lot of early trade• S/R broken but the majors bounce back Overnight Preview • USD likely to trade two-way• Consolidation ahead of the news...
Overnight Asia/Europe • USD mixed, volumes modest• UK news disappoints Cable• Technical trade overnight Today’s Economic ReportsAll times EASTERN (-5 GMT)• 10:00am USD ISM Manufacturing Index• 10:00am USD ISM Manufacturing Prices• 10:00am USD Construction Spending m/m Looking Ahead...
