The AUD/USD pair rose during the course of the day on Wednesday, breaking above the 0.9350 handle. This is where we expect to see a bit of resistance though, as it was a previous consolidation area, and...
USDCAD’s upward movement from 1.0619 extended to as high as 1.0985. Support is at 1.0875, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1050 area. On...
USDCHF remains in uptrend from 0.8855, the price action in the range between 0.9040 and 0.9114 is likely consolidation of the uptrend. Support is at 0.9040, as long as this level holds, further rise could be expected,...
USDJPY’s downward movement from 103.08 extended to as low as 101.78. Further decline is still possible after consolidation, and next target would be at 101.00 area. Resistance is at 102.45, only break above this level could signal...
AUDUSD remains in downtrend from 0.9470, the rise from 0.9275 could be treated as consolidation of the downtrend. Further decline to test 0.9202 (May 2 low) could be expected after consolidation. Resistance is at 0.9373, only break...
GBPUSD remains in downtrend from 1.7190, the rise from 1.6809 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend...
EURUSD remains in 1.3700, the price action in the range between 1.3333 and 1.3444 is likely consolidation of the downtrend. Resistance is at 1.3444, as long as this level holds, the downtrend could be expected to continue,...
USD The US dollar had a good trading day as it rallied against most of its major counterparts in recent trading. Risk appetite was weak recently while US data came in stronger than expected. The ISM non-manufacturing...
AUD/USD recently broke below the short-term support area on a smaller range and may be poised to test the bottom of the larger range visible on the 4-hour forex time frame. Price has traded below the .9350...
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