The AUD/USD pair fell during the course of the session on Wednesday, but found the 0.92 level to be supportive enough to keep the market afloat. Because of this, we think that the market may decide to...
USDCAD remains in downtrend from 1.0941, the rise from 1.0835 is likely consolidation of the downtrend. Another fall to test 1.0813 support would likely be seen after consolidation. Resistance is at 1.0941, only break above this level...
USDCHF’s upward movement from 0.8702 extended to as high as 0.8989. Support is now at 0.8937, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9050 area....
USDJPY broke below 101.70 support, indicating that the uptrend from 100.83 had completed at 102.13 already. Range trading between 101.25 and 102.13 would likely be seen over the next several days. Resistance is at 102.13, only break...
AUDUSD stays in a narrow range between 0.9208 and 0.9277. As long as 0.9277 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9408, further decline to 0.9000 area...
GBPUSD broke below 1.6731 support, and the fall from 1.6920 extended to as low as 1.6697. Further decline could be expected in a couple of days, and next target would be at 1.6600 area. Near term resistance...
After consolidation, EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.3588. Resistance is now at 1.3668, as long as this level holds, the downtrend could be expected to continue, and...
NZD/USD might be due for a bounce this week, as the US gears up to release a downward revision in its Q1 GDP reading. The figure was initially reported at 0.1% but analysts predict that the second...
The USD/JPY pair fell during a large portion of the session on Tuesday, but eventually found enough support to form a relatively positive looking hammer. Because of this, we feel that a break of the top of...
The USD/CAD pair went back and forth during the session on Tuesday, as we continue to hug the 1.0850 region. This area has been somewhat magnetic for price, and it appears that we are starting to see...
