The Greenback traded close to its lowest mark in one week versus the Euro yesterday as a batch of unplanned news from the US added to bearish behavior for the USD. Responding to a $1 rise in...
Today’s US Dollar Trading• Unusually quiet, little volume• Ranges hold for the most part• No real push either way with any conviction Overnight Preview• Look for more quiet action• Two-way and technical action to continue Looking Ahead to Tuesday All times EASTERN...
As expected, USDCAD formed a cycle bottom at 0.9974 on daily chart. Further rise could be seen to test 1.0238 resistance, a break of this level will signal further rise towards the long term key resistance at...
USDCHF broke above 1.0351 resistance. Further rise to test 1.0539 is still possible, and a break of this level will confirm the resumption of long term up trend. Key support is now located at 1.0010, only fall...
USDJPY broke above 107.75 resistance, and formed a cycle bottom at 103.76 on daily chart. Further rise towards 112.00 is expected to follow in a couple of week. Key support is now located at 103.76, only fall...
AUDUSD is testing the support of the up trend line from 0.9327 to 0.9475. Deeper decline is still possible to test 0.9475 support. As long as 0.9475 level holds, we’d expect up trend to resume, and rebound...
Being supported by the up trend line from 1.9408 to 1.9647, GBPUSD rebounded from 1.9816 level. Further rise above 2.0158 to reach next cycle top on daily chart is possible next week. Initial support is at 1.9816,...
EURUSD is testing 1.5611 support. As long as this level holds, we’d expect uptrend to resume and rebound towards 1.6038 is possible. However, a break below 1.5611 level will signal further decline to to 1.5400 area.
Today’s US Dollar Trading • USD regains poise after early break• Oil and equities help the upside• Volumes moderate Overnight Preview • Expect two-way action• USD to consolidate Looking Ahead to ThursdayAll times EASTERN (-5 GMT)• 8:30am USD Unemployment Claims• 10:00am USD Existing Home Sales• 10:00am...
Today’s US Dollar Trading• USD reverses higher after a lower open in New York• Traders note stops and liquidation off the lows• USD/JPY flirts with close above the 200 bar MA Overnight Preview• Look for the USD to consolidate• Two-way action ahead...
