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USDCAD rebounds sharply from 1.0297 and formed a cycle bottom on daily chart. Further rise above 1.0819 previous high is still possible in next several days. Long term key support is now located at 1.0297, a break...
USDCHF rebounds from 1.0693 level. Further rise is still possible to test 1.1416 previous high resistance. As long as this level holds, we’d expect down trend to resume and one more fall below 1.0693 is in favor....
USDJPY breaks below 103.54 previous low support and is back to down trend. Rebound from 103.49 is now treated as consolidation to down trend, and deeper decline is expected to 101.50 zone after consolidation.
AUDUSD pulls back sharply from 0.8519 and formed a cycle top on 4-hour chart. Further fall is still possible to test 0.7802 previous low support. As long as this level holds, the fall from 0.8519 is treated...
GBPUSD pulls back sharply from 1.8668 and formed a cycle top on daily chart. Deeper decline is still possible to test 1.7445 previous low support. As long as this level holds, we’d expect up trend to resume...
EURUSD pulls back sharply to 1.4008 level. Deeper decline is still possible to test 1.3881 previous low support in a couple of days. As long as this level holds, the fall from 1.4867 is treated as correction...
USDCAD traded in a narrow range between 1.0297 and 1.0397 for several days. Deeper decline is still possible. However, rebound towards 1.0650 zone would more likely be seen next week, and a break of 1.0410 level will...
USDCHF pulled back sharply from 1.1416 and reached as low as 1.0693 level. Initial resistance is located at 1.1055, as long as this level holds, we’d expect down trend to continue and deeper decline is still possible...
USDJPY is forming a sideways consolidation in a range between 103.54 and 110.66. Rebound towards 10950 zone is expected next week, and pullback could be seen before breaking above 110.66 previous high resistance.
