USDCAD failed to break above 1.2835 resistance, indicate that lengthier sideways movement in the trading range between 1.2352 and 1.2835 is underway. Deeper decline would likely be seen, and the target would be at 1.2500 area.
USDJPY failed to break above 120.50 resistance, and pulled back from 120.36, indicating that the pair remains in downtrend from 122.02, and the rise from 118.33 could be treated as consolidation of the downtrend. Resistance is now...
AUDUSD is facing 0.7560 support, a breakdown below this level will indicate that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed, then the following downward movement could bring price to 0.7000 area. Resistance...
No changed in our view, GBPUSD remains in uptrend from 1.4634. Further rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of...
EURUSD remains in downtrend from 1.1052, and the fall extended to as low as 1.0713. Near term resistance is at the top of the price channel on 4-hour chart, as long as the channel resistance holds, the...
