US Dollar depreciated against the common currency and the Cable while appreciating against the Japanese Yen and trading flat against the Swiss Franc; the Japanese Yen is exhibiting contrary trend to other FX majors wherein it has...
No changed in our view, USDCAD remains in downtrend from 1.0523, the price action in the trading range between 0.9905 and 1.0050 is treated as consolidation of the downtrend. Further fall to 0.9700 is still possible after...
USDCHF’s downward movement from 0.9594 extends to as low as 0.8931. Further decline could be seen over the next several days, and next target would be at 87.00 area. Resistance is at the downward trend line on...
USDJPY’s upward movement extends to as high as 81.20. Further rise could be expected after a minor consolidation, and next target would be at 83.00 area. Initial support is at 80.00, as long as this level holds,...
AUDUSD broke below the price channel on daily chart. However, the fall from 1.0844 is likely consolidation of the uptrend from 0.9861, one more rise towards 1.1080 previous high is still possible. Key support is now at...
GBPUSD failed to break below 1.5645 key support and stays in a trading range between 1.5645 and 1.5928. The price action in the trading range is likely consolidation of the uptrend from 1.5236. Further rise to test...
EURUSD breaks above 1.3320, suggesting that the uptrend from 1.2624 has resumed. Further rise could be expected over the next several days, and next target would be at 1.3700 area. Support is now at upward trend line...
The euro reversed some of its recent losses yesterday, as positive German data sent investors to riskier assets throughout European trading. The EUR/USD went as high as 1.3340 before staging a downward correction during the afternoon session.
AUD/USD rose on Thursday as the bottom of the recent consolidation area held true. The 1.06 level looks very constructive at the moment, and the market simply couldn’t break down through it.
EUR/USD continued to rise on Thursday as traders continue to look at the bright side of all things European, even if the area has severe issues ahead of it for the next several years.
