The USD/JPY pair initially fell during the session on Wednesday, but as we have seen for the past couple of days, buyer stepped in and push the market back up. With that being the case, it appears...
The USD/CAD pair rose during the session on Wednesday, continuing to maintain that the 1.0850 level will be supportive. With this, we believe that a little bit of a bounce is probably coming today, but quite frankly...
The GBP/USD pair fell hard during the session on Wednesday, showing a fresh new low by the end of the day. The 1.67 level should continue to be supportive though, and as a result we believe that...
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.36 level towards the end of the day. This is in fact a relatively negative sign, and we believe now that the pair will go...
The AUD/USD pair fell during the course of the session on Wednesday, but found the 0.92 level to be supportive enough to keep the market afloat. Because of this, we think that the market may decide to...
USDCAD remains in downtrend from 1.0941, the rise from 1.0835 is likely consolidation of the downtrend. Another fall to test 1.0813 support would likely be seen after consolidation. Resistance is at 1.0941, only break above this level...
USDCHF’s upward movement from 0.8702 extended to as high as 0.8989. Support is now at 0.8937, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9050 area....
USDJPY broke below 101.70 support, indicating that the uptrend from 100.83 had completed at 102.13 already. Range trading between 101.25 and 102.13 would likely be seen over the next several days. Resistance is at 102.13, only break...
AUDUSD stays in a narrow range between 0.9208 and 0.9277. As long as 0.9277 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9408, further decline to 0.9000 area...
GBPUSD broke below 1.6731 support, and the fall from 1.6920 extended to as low as 1.6697. Further decline could be expected in a couple of days, and next target would be at 1.6600 area. Near term resistance...
