With Greece back in the spotlight as it struggles to secure a bailout tranche needed to ward off a potential bankruptcy, the Euro is deemed to lose ground alongside its British counterpart today.
The US dollar saw gains against virtually all of its main currency rivals on Friday, following a better than expected Non-Farm Payrolls report which boosted confidence in the American economic recovery.
Better than expected US jobs data resulted in appreciation of the greenback against most of the FX majors. The Dollar has appreciated across the basket, wherein the Cable fell by more than 90 pips, the Euro by...
USDCAD remains in uptrend from 0.9632, the fall from 1.0019 is treated as consolidation of the uptrend. Support is at the lower line of the price channel on daily chart, as long as the trend line support...
USDCHF is facing 0.9437 resistance, a break above this level will indicate that lengthier consolidation of the downtrend from 0.9971 is underway, then further rally to 0.9500-0.9600 area could be seen. Support is at 0.9300, only break...
USDJPY continues its upward movement from 77.14, and the rise extends to as high as 80.67. Support is now at the upward trend line on daily chart, as long as the trend line support holds, the uptrend...
AUDUSD may be forming a cycle top at 1.0418 on daily chart. Pullback to 1.0200 area would likely be seen next week. Resistance is at 1.0418, only break above this level could trigger another rise to test...
GBPUSD remains in the downward movement from 1.6309. Further decline is still possible, and the target would be at 1.5800 area. However, the fall would possibly be consolidation of the longer term uptrend from 1.5268, one more...
EURUSD is facing 1.2803 support, a breakdown below this level will indicate that lengthier consolidation of the uptrend from 1.2042 is underway, then deeper decline to 1.2600-1.2700 area to complete the consolidation could be seen.
The USD/JPY pair rose during the session broke through the 80.50 level showing strength for the US dollar. On the weekly chart, we closed above the 80 handle for the first time in several months, in this...
