AUD/USD Forecast June 4, 2013, Technical Analysis
The AUD/USD pair shot straight up during the session on Monday as the ISM numbers out of United States came in below 50, signaling that there could be some contraction in the economy.
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USD/JPY Testing Former 99.50 Resistance (June 4, 2013)
USD/JPY kept selling off in the past few trading days as the Nikkei stock index posted sharp declines. This was enough to push USD/JPY back down from the 103.75 area to 99.50.
USD/CAD Range Setup (June 3, 2013)
USD/CAD is one of the best currency pairs to trade in a ranging market environment. The pair is currently moving sideways on its 1-hour time frame, as it found support around 1.0300 and resistance near 1.0400.
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USDCAD Analysis – June 1, 2013
USDCAD continues its upward movement from 1.0013, and the rise extends to as high as 1.0420. Further rise is still possible next week, and next target would be at 1.0500 area.
USDCHF Analysis – June 1, 2013
USDCHF breaks below the support of the lower line of the price channel on daily chart, suggesting that the upward movement from 0.9206 had completed at 0.9838 already.
USDJPY Analysis – June 1, 2013
USDJPY’s fall from 103.73 extends to as low as 100.22. Deeper decline is still possible next week, and the target would be at 98.00 – 99.00 area.
AUDUSD Analysis – June 1, 2013
AUDUSD’s downward movement from 1.0582 extends to as low as 0.9528. Resistance is now at 0.9800, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.9400 area,...
GBPUSD Analysis – June 1, 2013
GBPUSD is facing 1.5250 resistance, a break above this level will indicate that the downtrend from 1.5605 had completed at 1.5008 already, then the following upward movement could bring price to 1.6000 zone.
EURUSD Analysis – June 1, 2013
EURUSD failed to break below 1.2747 support, and rebounded from 1.2796, suggesting that lengthier sideways movement in a range between 1.2747 and 1.3242 is underway.