AUDUSD continued its downward movement from 0.8795, and the fall extended to as low as 0.8378. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds,...
GBPUSD continued its sideways movement in a range between 1.5585 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6182, another fall towards...
EURUSD broke below 1.2358 support, indicating that the downtrend from 1.2867 (Oct 15 high) has resumed. Further decline could be expected, and next target would be at 1.2000 area. Resistance is at 1.2400, as long as this...
The USD/JPY pair rose during the course of the day on Tuesday, breaking higher and clearing the 190 level. With that, we feel that the market should eventually go to the 120 level, and that pullbacks at...
The USD/CAD pair broke higher during the course of the session on Tuesday, as we continue to bounce around just above the 1.13 handle. It appears to us that we are heading to the 1.15 handle given...
The GBP/USD pair fell during the course of the day on Tuesday, as we continue to consolidate in this general vicinity. We believe that this market should ultimately make a decision fairly soon, but we recognize that...
The EUR/USD pair fell again during the session on Tuesday, as we continue to grind lower. One thing that we notice is that the highs are getting lower, and we cannot help but notice that there could...
The AUD/USD pair initially tried to rally during the session on Tuesday, but as you can see ended up falling in the end. With that being the case, the market looks as if it isn’t ready to...
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USDCAD is facing 1.1466 resistance again, a break of this level will signal resumption of the uptrend from 1.0619 (Jul 3 low), then next target would be at 1.1600 area. Support is at 1.1300, below this level...
