The AUD/USD pair rose during the session on speculation of further easing by the central banks from both Europe and the United States. The liquidity injection will more than likely drive commodity price higher, and as such...
The USD/CAD pair fell during the Friday session as speculation that central banks will be flooding the markets with liquidity drove up demand for commodities on the whole. This of course favors oil, which of course favors...
Currency markets last Friday continued to digest Thursday’s statement from ECB President Draghi, trying to glean how markets will be influenced by such changes. No doubt rumours will continue to swirl until we get confirmation of the...
USDCAD’s downward movement from 1.0445 extends to as low as 1.0030. Further decline could be expected next week, and next target would be at 0.9900 area. Key resistance is now at 1.0230, only break above this level...
USDCHF has formed a cycle top at 0.9971 on daily chart. Deeper decline to 0.9500 area would likely be seen. Key support is at 0.9421, as long as this level holds, the fall from 0.9971 is treated...
USDJPY is facing the support of 77.66, a breakdown below this level will indicate that the downtrend from 84.17 has resumed, then deeper decline towards 76.00 could be seen. On the other side, as long as 77.66...
AUDUSD’s upward movement from 0.9581 extends to as high as 1.0485. Further rise could be expected next week, and next target would be at 1.0650 area. Key support is now at 1.0176, only break below this level...
GBPUSD is facing 1.5776 resistance. As long as this level holds, the rise from 1.5268 could be treated as consolidation of the downtrend from 1.6301 and another fall towards 1.5000 is still possible. However, a break above...
EURUSD has formed a cycle bottom at 1.2042 on daily chart. Further rally could be expected next week, and the target would be at 1.2600 area. Key resistance is at 1.2747, as long as this level holds,...
The aussie has been rising strongly in a possible ending-diagonal, which is a bearish indication. It is currently at a resistance level and there is even stronger resistance not much higher at the 1.0475 where a nexus...
