The EUR/USD pair fell initially during the day on Monday but turned around to form a supportive candle. The 1.06 level above continues to offer resistance though, so it’s likely that we will continue to see choppiness....
The AUD/USD pair had a choppy session on Monday as we bounced around below the 0.75 handle. This is an area that has a significant amount of support attached to it though, and therefore it’s not surprising...
USDCAD is now in downtrend from 1.3455. Further decline could be expected in a couple of days and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend...
USDJPY continued its sideways movement in a range between 110.11 and 112.19. Resistance is at 112.19, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 115.50 and further...
AUDUSD remains in downtrend from 0.7679. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the descending trend line on 4-hour chart, as long...
GBPUSD broke out below the lower line of the triangle pattern on 4-hour chart, indicating that the upward movement from 1.2109 had completed at 1.2615 already. The pair is now in downtrend, further decline could be expected...
EURUSD continued its downward movement and the fall extended to as low as 1.0569. Further decline could be expected after a minor consolidation and next target would be at 1.0500 area. Resistance is at the downward trend...
USDCAD moved sideways in a trading range between 1.3264 and 1.3534. The sideways movement is likely consolidation of the short term uptrend from 1.2968 and further rise to 1.3800 area is possible after the consolidation. On the...
USDJPY stays below a descending trend line on daily chart and remains in downtrend from 118.66. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...
AUDUSD is facing 0.7490 support, a breakdown below this level will indicate that the upward movement from 0.7158 had completed at 0.7749 already, then the following downward movement could bring price to 0.7000 area. On the upside,...
