AUDUSD’s downward movement from 0.9401 extended to as low as 0.8692. Further decline could be expected after a minor consolidation, and next target would be at 0.8600 area. Key resistance is located at the downward trend line...
GBPUSD’s downward movement from 1.6524 extended to as low as 1.6214. Resistance is at 1.6340, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.6100 area. Only...
EURUSD continued its downward movement from 1.3411, and the fall extended to as low as 1.2666. Further decline would likely be seen after a minor consolidation, and next target would be at 1.2500 area. Near term resistance...
The US Dollar has rallied to multi-year highs as forex traders grow more confident that the US Federal Reserve will raise interest rates sooner than previously expected. Expectations now call for an increase in interest rates by...
USDCAD’s upward movement from 1.0619, and the rise extended to as high as 1.1168. Further rise could be expected overt he next several weeks, and next target would be at 1.1500 area. Near term support is at...
USDCHF remains in uptrend from 0.8855, and the rise extended to as high as 0.9520. Further rise is still possible, and next target would be at 0.9700 area. Support levels are at 0.9430 and 0.9299, only break...
USDJPY remains in uptrend from 101.06, and the rise extended to as high as 109.53. Support is now located at the bottom of the price channel on daily chart. As long as the channel support holds, the...
AUDUSD continued its downward movement from 0.9401, and the fall extended to as low as 0.8747. Further decline to test 0.8660 support is possible next week. Resistance is at 0.8850, only break above this level will indicate...
GBPUSD remains in downtrend from 1.7190, the rise from 1.6051 is likely consolidation of the downtrend. Range trading between 1.6051 and 1.6700 would likely be seen over the next several weeks. Key resistance is at 1.6700, as...
EURUSD continued its downward movement from 1.3700, and the fall extended to as low as 1.2676. Further decline is still possible after a minor consolidation, and next target would be at 1.2200 area. Resistance is at 1.2900,...
