On May 25 2020 I posted on social media Stocktwits/Twitter @AidanFX “GBPNZD will be watching for selling opportunities”. GBPNZD has been trending lower since April 2020 so the clear path will be to trade with the trend and not...
USDCAD’s downside movement from 1.4048 extended to as low as 1.3698. Further decline is still possible and next target would be at 1.3600 area. Resistance is at 1.3831, only break above this level could trigger another rise...
USDJPY remains in the uptrend from 105.98, the price action from 107.76 is likely consolidation for the uptrend, and further rise to 109.00 area is possible after the consolidation. Key support is at 106.74, only a breakdown...
After consolidation, AUDUSD broke above 0.6680 resistance and extended its upside movement from 0.6401 to as high as 0.6742. As long as the price is above the rising trend line on the 4-hour chart, the upside movement...
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2073. Further rise could be expected and next target would be at 1.2500 area. Near term support is at 1.2330,...
EURUSD extended its upside movement from 1.0766 to as high as 1.1145. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
