The AUD/USD pair fell during the session on Thursday, after initially trying to rally. The fact that we have close below the 1.01 handle now houses very bearish on the Australian dollar, as this was significant support.
After several failed attempts in the past few months, AUD/USD finally made a convincing break below the 1.0200 major psychological level in yesterday’s trading.
NZD/USD just broke below the .8500 major psychological support level recently, mostly because of the downturn in risk appetite. The recent speech by RBNZ Governor Graeme Wheeler also revealed that the central bank actually secretly intervened in...
The USD/JPY pair had a slightly positive session on Wednesday, but in the end essentially did nothing. We continue to hover around the 99 handle, and as a result there isn’t much to trade in this market...
The USD/CAD pair fell during the session on Wednesday, but remains above the parity level. The pair did get a little bit of a bounce later in the session, although it did not bounce enough to form...
The GBP/USD pair rallied during the session on Wednesday, but as you can see found for what the 1.56 level yet again. Because of the pullback, it’s obvious that we are still within the recent consolidation area,...
The EUR/USD pair had a strong showing during the session on Wednesday, but most importantly could not break above the 1.32 resistance level that has contained the pair for some time now.
The AUD/USD pair initially rallied during the session on Wednesday, but as you can see the 1.02 level did offer enough resistance in order to form a shooting star. This shooting star is at the bottom of...
The USD/JPY pair fell during the session on Tuesday, but just barely sell. The 99 handle offered support, and as you can see stopped any significant selloff. In our opinion, this is a “buy only” market place,...
The USD/CAD pair fell during the session on Tuesday again, but still remained above the all-important parity level. Because of this, we don’t essentially see much in the way of trading this market, but do understand that...
