USDJPY broke below 108.24 support, indicating that consolidation of the uptrend from 101.06 (Jul 10 low) is underway. Range trading between 107.00 and 110.08 would likely be seen over the next several days. Key support is at...
AUDUSD’s rise from 0.8663 extended to as high as 0.8826. Further rise would likely be seen and the target would be at 1.8900 area. Support levels are at 0.8720 and 0.8663, only break below these levels could...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524, and the fall extended to as low as 1.6112. Deeper decline to test 1.6051 support would likely be seen, a breakdown...
EURUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.2994 had completed at 1.2570 already. Further rally would likely be seen in a couple of days, and next...
The USD/JPY pair fell from the 110 level during the session on Wednesday, proving that we are not quite ready to continue the next leg higher. However, with the nonfarm payroll numbers coming out on Friday, we...
The USD/CAD pair fell during the course of the day on Wednesday, breaking back below the 1.12 level. However, the 1.1150 level is the epicenter of a significant amount of support as far as we can see...
The GBP/USD pair tried to rally during the course of the day on Wednesday, but failed at the 1.63 region. By doing so, we ended up forming a shooting star, and that of course is a fairly...
The EUR/USD pair went back and forth during the course of the day on Wednesday, essentially hugging the 1.62 level. This isn’t a big surprise though, as the ECB has an interest rate decision coming out later...
The AUD/USD pair rose during the course of the day on Wednesday, showing that the market is ready to continue consolidating in this area. We see the 0.88 level above as being resistive, so we feel that...
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