The antipodean is now under pressure and we expect a new test of the key 0,94 support.
The pair is now on its way up after a bounce confirmation on parity.
The pair is trading higher after having found some good support on top of 0,86 area.
We continue to hold a bullish bias on the pair over the middle term.
The Cable follows the path of the Euro, falling down significantly over the last 2 weeks.
Risk aversion continues to dominate the market sentiment and we see plenty of room on the downside.
USDCAD’s bounce from 0.9891 extended to as high as 1.0523. Further rise towards 1.0656 previous high is still possible next week. Support is now at 1.0350, only break below this level could indicate that the rise is...
USDCHF broke above 0.9314 resistance, suggesting that the uptrend from 0.7067 has resumed. Further rise is expected next week, and next target would be at 0.9500. On the other side, the price action from 0.9314 could possibly...
USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Another rise to test 79.52 resistance would likely be seen in a couple of weeks.
AUDUSD’s fall extended to as low as 0.9663. Further decline is still possible next week, and next target would be at 0.9550. Resistance is at 0.9900, only break above this level could indicate that the downtrend from...