The Tuesday session saw strength in the USD/JPY pair as the Monday shooting star was overtaken by the bulls. However, the 77 handle is an area that saw significant support previously, and resistance would be somewhat expected.
The market saw the EUR/USD pair shoot straight up during the Tuesday session as the rumors of a Greek bailout agreement hit the markets (again) during the session. The agreement wasn’t done before the end of the...
USD/CAD rose at first during the Monday session, but failed to hold onto the gains that the morning saw. The parity level acted as resistance after being support recently, and this is classic technical analysis.
AUD/USD fell initially in Monday trading, only to bounce in the later hours as the Americans bid it back up. The “risk off” trade dominated most of the session, and as a result the Aussie got hit...
USD/CHF rose for a decent portion of the Monday session, only to fall back down to form a shooting star. However, the 0.91 level is the start of a massive support zone that goes down to the...
The GBP/USD pair fell for much of the session on Monday as traders initially sold off anything to do with risk, therefore pushing the value of the Dollar up in general. The cable pair has been remarkably...
USD/JPY rose for the session, but gave up almost all of the gains by the time the session ended on Monday. The 77 level proved as strong resistance, and this shouldn’t have been a surprise as both...
EUR/USD fell for most of the session on Monday as traders continue to worry about the European debt crisis. The Greeks still haven’t come to an agreement, and as such the Dollar gained.
The USD/CAD pair fell on Friday as the better than expected Non-Farm Payroll numbers had the market comfortable with taking risk. The Canadian dollar rose to the point that we have cleared the parity support area, but...
AUD/USD rose again for the Friday session as the Non-Farm Payroll number came in much better than anticipated. This boosts the confidence of the markets, and “riskier assets” are suddenly much more attractive as the confidence will...
