AUDUSD broke above the resistance of the falling price channel on the daily chart, suggesting that consolidation for the downtrend from 0.7205 is underway. Range trading between 0.6864 and 0.7000 would likely be seen over the next...
GBPUSD’s downside movement from 1.3381 extended to as low as 1.2558. Further decline could be expected in a couple of weeks and next target would be at 1.2400 area. Key resistance is at 1.2813, a break of...
EURUSD continued its sideways movement in a trading range between 1.1110 and 1.1270. The sideways movement is likely consolidation for the downtrend from 1.1570. As long as the price is below the bearish trend line on the...
