USDCAD’s downward movement from 1.3147 extended to as low as 1.2826. Further decline to test 1.2763 support could be expected. Resistance is at 1.2925, only break above this level could signal completion of the downtrend.
USDJPY broke below 102.80 support, indicating that the upward movement from 99.52 had completed at 104.31 already. Further decline to test 99.52 support is possible in a couple of days, a breakdown below this level will indicate...
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.7755 had completed at 0.7489 already. Further rise to test 0.7755 resistance could be seen over the next several days. Support level...
GBPUSD’s upward movement from 1.3059 extended to as high as 1.3445. Further rise is still possible after a minor consolidation, and next target would be at 1.3600 area. Support is at 1.3275, only break below this level...
EURUSD broke above 1.1251 resistance, indicating that the downward movement from 1.1366 had completed at 1.1123 already. Further rise to test 1.1366 resistance would likely be seen over the next several days, a break of this level...
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turn right back around to form a rather negative candle. Ultimately, this is a market that should continue to grind all...
The USD/CAD pair continues to fall, as we see quite a bit of pressure on the us dollar in this pair. However, keep in mind that the Bank of Japan has an interest rate announcement coming out,...
The GBP/USD pair broke higher during the course of the day on Tuesday, as we reach towards the 1.35 handle. However, I recognize that there is a lot of resistance between here and the 1.3650 level, so...
The EUR/USD pair had a very strong session on Tuesday, slicing through the 1.12 level during the day. This of course signifies that we are heading back into the previous consolidation area, and it should reach towards...
The AUD/USD pair broke higher during the course of the session on Tuesday, slamming into the 0.7675 handle. This is an area that was pretty big resistance, and now that we get an interest-rate announcement coming out...
