USD/CAD rose during the Wednesday session, but the latter hours saw the pair falling. Because of this, it looks like the parity level is going to be very difficult to break above for any length of time.
AUD/USD fell hard during the first part of the session on Wednesday, but then shot straight up as the markets had found a footing in the US session. The resulting candle for the day is a hammer,...
USD/CHF fell slightly on Wednesday as traders sold the USD in general. However, the pair cannot be sold because of the Swiss National Bank and its “peg” to the EUR. Because of this, the bank is willing...
The GBP/USD fell during the session on Wednesday, and broke the fresh lows again. However, during the latter hours of the session, we saw optimism reenter the market as three EU heads of state had a conference...
The USD/JPY pair fell on Wednesday as traders continued to dump the USD in general. The markets were choppy during the session, but the events in Europe are still leading the charge as far as direction overall.
The EUR/USD pair fell hard, rose, fell again, and then finally rose during a wild session in the markets on Wednesday. The pair is decidedly bearish, and looks like a sell by most accounts.
The outlook is now clearly bearish on the pair and we expect a test of the parity soon.
The pair continues to struggle below the key parity level which remains a strong resistance to get through.
The pair continues to consolidate after its sharp rally from last week (1000 pips). There is of course room for an additional setback given the over-extended move.
The pair has confirmed a downside pressure with a break below monday’s low and is now poised for a new test of 76,00 historical low.
