Overnight Asia/Europe •USD two-way•UK and Eurozone news push those lower•Technical trade likely to continue Today’s Economic ReportsAll times EASTERN (-5 GMT)•No reports due on MondayNo real news until PPI on Tuesday.
No changed in our view, USDCAD is forming a sideways consolidation in a range between 1.0048 and 1.0322. Another fall below 1.0048 would more likely be seen to complete the consolidation. Initial resistance is at 1.0238 and...
USDCHF is testing 1.0111 previous low support. A break of this level will signal further decline to 1.0000 area. Initial resistance is at 1.0351, as long as this resistance holds, the pair stays in down trend.
USDJPY moved without trend and formed a sideways consolidation in a range between 104.98 and 108.58. As long as 104.98 support holds, we’d expect up trend to resume and further rise to 112.00 area is possible after...
AUDUSD broke above 0.9667 previous high resistance and recorded a new high at 0.9716 level. Further rise to 0.9800 is still possible next week. Initial support is at the up trend line from 0.9327 to 0.9475, break...
GBPUSD is forming a cycle bottom at 1.9647 on daily chart. Further rise to 2.0200 to reach next cycle top is still possible next week, and a break of 2.0006 previous high is needed to confirm such...
EURUSD broke above 1.5908 previous high resistance and reached 1.5945 level. Further rise to test 1.6019 (Apr 22 high) is still possible next week, a break above this level will take price to 1.6300 area. However, as...
Today’s US Dollar Trading •USD remains two-way, volumes thin•Majors hold support, USD fails late in the day•Equities and Energies in focus due to lig•ht data
USDCAD traded in range between 1.0048 and 1.0322. Another fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long term up trend.
USDCHF formed a cycle bottom at 1.0111 on daily chart. Further rise to test 1.0539 previous high resistance could be seen in next few days. Rise above this level will signal resumption of long term up trend,...
