The US dollar posted gains against several of its main currency rivals on Friday, as concerns regarding an economic slowdown in the euro-zone combined with speculations that the Bank of Japan will initiate a new round of...
In the previous European trading session, the Euro lost to the Great British pound as the Euro Zone continues to be bombarded with worries over Greece and the US fiscal cliff.
The Dollar Index is trading at 81.25 with 81.00-81.20 ranges still acting as short term resistance from where is sold off during September last.
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 0.9632. Further rise is still possible, and next target would be at 1.0100-1.0150 area. Support is located at the lower line of...
USDCHF’s upward movement from 0.9214 extends to as high as 0.9511. Further rise is still possible and next target would be at 0.9650 area. However, the price action from 0.9239 is likely consolidation of the downtrend from...
USDJPY breaks above 80.67 resistance, and continues its upward movement from 77.14, and the rise extends to as high as 81.45. Further rise could be expected after consolidation, and next target would be at 83.00 area.
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.0149. Support is located at the lower line of the channel, as long as the channel support holds, the fall from 1.0480...
GBPUSD continues its downward movement from 1.6309, and the fall extends to as low as 1.5827. Further decline is still possible after consolidation, and next target would be at 1.5700 area.
EURUSD’s downward movement from 1.3171 extends to as low as 1.2661. Deeper decline is still possible, and next target would be at 1.2500 area. However the fall is likely correction of the uptrend from 1.2042, another rise...
The USD/JPY pair fell initially during Friday, but got a bounce and closed above the 81 handle for the week. This pair has broken out recently, and now that we are well above the 80.60 level, we...
