AUDUSD formed a cycle top at 0.7014 on daily chart. Pullback is expected to retest 0.6008 support, a break down below this level will signal deeper decline towards 0.5500 zone. Key resistance is now located at 0.7014,...
GBPUSD drops below 1.5269 previous low support. Further decline could be seen to 1.4500 zone. Initial resistance is at the down trend line on daily chart, and as long as the trend line resistance holds, we’d expect...
EURUSD formed a cycle top at 1.3290 on daily chart. Deeper decline could be seen to 1.2000 zone in a couple of weeks. Key resistance is now located at 1.3290, above this level will indicate that the...
Today’s US Dollar Trading • USD holds gains despite thin conditions• Equities fail to advance, oil rallies but fades• China news not enough to inspire confidence
Overnight Asia/Europe • Equities firmer overnight; underpin EURO• China announces stimulus plan, USD falls• Commodities higher also helping the Majors
USDCAD rebounds from 1.1464 level. Further rise towards 1.2500 zone could be seen next week. The price action from 1.3015 is treated as consolidation to long term up trend, and trading in a range between 1.1464 and...
USDCHF remains in up trend. Further rise could be seen to 1.2000 zone next week. Initial support is located at 1.1549 level. As long as this level holds, we’d expect up trend to continue. However, a break...
USDJPY formed a cycle bottom at 90.92 on daily chart. Further rise to test 103.06 resistance could be seen next week. A break above this level will signal further rally towards 108.00 zone. Initial support is at...
AUDUSD formed a cycle bottom at 0.6008 on daily chart. Further rise to test 0.7238 resistance is still possible next week. As long as this level holds, the rise from 0.6008 is treated as consolidation to down...
GBPUSD is forming a sideways consolidation in a range between 1.5269 and 1.6671. As long as 1.6671 resistance holds, we’d expect downtrend to resume and deeper decline towards 1.4500 zone is still possible after consolidation.
