The US Dollar Index (DXU11) is expected to find support at 75.30 ranges, weekly close below 75.00 ranges would reinitiate long-term weakness in USD else DXU11 is expected to test 77.00. Consistent close above 77.20 would post...
06/20/2011 05:35 UTC AUD swings lower as it weakens against the USD, JPY, CAD, CHF and GBP. Recent mid-term strength indicator reading for AUD is 3 out of 8, thus suggesting that the current swing may be...
06/20/2011 04:53 UTC USD swings higher as it strengthens against the EUR, GBP, CHF, AUD and NZD. Recent mid-term strength indicator reading for USD is 5 out of 8, thus suggesting that the current swing may be...
USDCAD’s rise from 0.9444 extended to as high as 0.9898. Further rise is still possible next week, and next target would be at 1.0000 area. Support is at 0.9650, only break below this level could indicate that...
USDCHF remains in downtrend from 0.9774, the rise from 0.8326 is treated as consolidation of downtrend. Further rally towards the downtrend line from 0.9774 to 0.9339 is possible next week, and downtrend could be expected to resume...
USDJPY traded in a range between 79.58 and 82.22. The price action in the range is treated as consolidation of downtrend from 85.51. Support is at 79.58, a breakdown below this level will signal resumption of downtrend,...
AUDUSD stays in a trading range between 1.0440 and 1.0773. The price action in the range is treated as consolidation of downtrend from 1.1011. Another fall to 1.0350 is possible next week. Resistance is at 1.0773, only...
GBPUSD is facing 1.6059 key support, a breakdown below this level will suggest that the uptrend from 1.5344 had completed at 1.6745 already, then the following downward move could bring price to 1.4500 area. However, as long...
EURUSD’s fall from 1.4696 reached 1.4073 only. Sideways movement would likely be seen next week, and the trading range would be between 1.3969 and 1.4696. Key support is at 1.3969, a breakdown below this level will trigger...
Please find hereafter our daily update on the majors as of June 17th 2011. (Click on the dedicated link to access our forum post with the chart).
