USD looks to test 1.50. The USD underwent a bullish trading session yesterday, as it appreciated against all of its major currency rivals. The dollar rose 0.5% and closed under 1.5320 versus the euro in yesterday’s trading...
USDCAD broke above 1.0378 (Jan 22 high) long term resistance and reached to 1.0451 level. Further rise towards 1.0750 level is still possible in next several days. Initial support is at 1.0320 and followed by 1.0200 level....
USDCHF breaks above 1.0539 resistance. Further rise to test 1.0623 (May 8 high) could be seen in a couple of days. Consolidation would more likely be seen before breaking above 1.0623 level. Initial support is at 1.0430,...
USDJPY is testing 108.58 previous high resistance. Further rise towards 112.00 could be seen if 108.58 resistance gives ways. Initial support is at 106.57, only break down below this level will pull price back to retest 103.76...
AUDUSD’s down trend remains, and the fall from 0.9849 extends further to as low as 0.9132 level. Deeper decline to test 0.8953 (Mar 20 low) could be expected in next few days. Initial resistance is at 1.9275,...
GBPUSD broke below 1.9647 support and reached as low as 1.9521 level. Deeper decline to test 1.9337 (Jan 22 low) is now in favor, and break down below this level signal further fall towards 1.9000 level. Initial...
EURUSD’s down trend remains and the fall from 1.6038 extends further to as low as 1.5445 level. Deeper decline to test 1.5284 previous low support is still possible in next several days. Near term resistance is at...
Fed is Expected to Hold Fed-Funds Rate Steady. Yesterday the greenback saw rising trends against its major currency counterparts; however it failed to appreciate substantially against the EUR. The oft-traded currency pair approached a 6 week low...
USDCAD’s up trend from 0.9974 extends further to as high as 1.0296 level. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is still in favor. Initial support is at 1.0150 only fall...
USDCHF is testing the previous high resistance at 1.0539, a break of this level will confirm the resumption of long term up trend from 0.9634 (Mar 17 low). Key support is now located at 1.0314, only fall...
