USDJPY breaks above this falling price channel on daily chart. Further rise is expected to 95.00 zone in next several days. Initial support is located at 89.72, a break below this level will indicate that the rebound...
AUDUSD is testing 0.7140 resistance, a break above this level will indicate that the uptrend from 0.6008 has resumed, and then further rally could be seen to 0.7500 zone. Near term support is at 0.6755, below this...
GBPUSD’s downtrend extends to as low as 1.4350 level. Further fall is still possible to 1.4000 zone next week. Initial resistance is now at 1.4850 and key resistance is located at 1.5722, only rise above 1.5722 level...
EURUSD is testing the support of 1.3825 level. A break down below this level will signal deeper decline towards 1.3500. However, as long as 1.3825 support holds, we’d expect sideways consolidation to continue between 1.3825 and 1.4719,...
Looking ahead to the 1st quarter of 2009, traders are advised to pay close attention to Barack Obama’s stimulus package. Obama’s stimulus package is likely to have an impact on the dollar in 2009. The U.S. may...
