Being contained by 0.9930 support, USDCAD may be forming a double bottom pattern at 0.9979 level. Bounce towards 1.0378 key resistance would more likely be seen next week, a break above this level could bring price to...
USDCHF stays in a trading range between 0.9463 and 0.9971. Sideways move in the range is expected to continue in a couple of weeks. Key support is at 0.9463, only break below this level could indicate that...
USDJPY broke above the downtrend line from 94.98 to 85.92, suggesting that a cycle bottom has been formed at 80.30 level on daily chart, and lengthier consolidation of downtrend from 94.98 is underway. Further rally is still...
AUDUSD remains in uptrend from 0.8066. As long as 0.9651 key support holds, the price action from 0.9998 is treated as consolidation of uptrend, and another rise towards 1.0500 area is still possible. However, a breakdown below...
GBPUSD stays above a rising trend line on daily chart and remains in uptrend from 1.5296. As long as the trend line support (now at 1.58355) holds, uptrend is expected to continue after consolidation and next target...
EURUSD broke below 1.3698 key support, suggesting that the uptrend from 1.2587 has completed at 1.4281 already. Now the fall from 1.4281 is treated as consolidation of longer term uptrend from 1.1876, range trading between 1.3400-1.4281 would...
USDCAD is facing 0.9979 support, a break below this level could trigger another fall towards 0.9700 area. However, as long as 0.9979 support holds, one more rise towards 1.0600 is still possible.
USDCHF has formed a cycle top at 0.9971 level on 4-hour chart. Range trading between 0.9463 and 0.9971 would more likely be seen in a couple of weeks.
USDJPY stays below a falling trend line from 94.98 to 85.92, and moved sideways in a trading range between 80.30 and 81.98 for several weeks.
AUDUSD broke above 0.9998 resistance and reached as high as 1.0182 level, suggesting that the uptrend from 0.8066 has resumed.
