The EUR/USD rose last week following the completion of a long-term consolidation trend, reaching a 4-day high of 1.3900. This morning, however, the pair bounced off the resistance level and is now trading near 1.3865.
USD/CAD fell on Friday and tested the parity support level in the process. The daily close is looking weak, but the level has held up. The market will be highly correlated to the oil markets
AUD/USD rose during the Friday session as the world awaits the results of the EU meetings over the weekend. The Aussie is a barometer of global risk, and it fared quite well as a result of the...
USD/CHF fell again on Friday as investors sold off the Dollar against everything in response to the anticipation of the EU bailout meetings over the weekend.
In a surprising show of strength, the GBP/USD pair broke above the resistance area at 1.58 on Friday. The level had been keeping the market down, and as such the market popped after it gave way.
The USD/JPY pair spiked lower on Friday and even managed to peak below the 76 handle. The area has been massive support, and as such – repelled the surge eventually.
EUR/USD rose again on Friday as traders anticipated some grand plan coming out of the EU over the weekend. The fact that it couldn’t break out of its trading range shows just how little faith there actually...
USDCAD remains in downtrend from 1.0656, and the fall extended to 1.0043. Further fall could be seen next week, and next target would be at 0.9800-0.9900 area. Resistance is at 1.0270, as long as this level holds,...
USDCHF broke below the uptrend line on daily chart, suggesting that the uptrend from 0.7067 had completed at 0.9314 already. Further fall could be seen in a couple of week, and next target would be at 0.8500...
USDJPY broke below 75.96 previous low and reached 75.81 level. Further fall is still possible next week, and next target would be at 74.00-75.00 area. Resistance is at 76.50, a break above this level will indicate that...
