The USD/CAD pair fell during the session on Monday, as the 1.03 level offered resistance again. The candle does look rather negative, but it did not wipe out the gains from the Friday session, meaning that we...
The GBP/USD pair had a positive showing on Monday, breaking above the 1.5250 level at one point during the session. You can see that the market is hovering right around that area, but quite frankly we suspect...
The EUR/USD pair had a fairly strong showing during the session on Monday, as we bounced from the 1.28 support region. Because of this, we may see a bit of strength in the Euro going forward, but...
The AUD/USD pair rose during the session on Monday, to break above the 0.98 handle. However, this market has been sold off so drastically that we are very hesitant to buy the Australian dollar right now.
With equities rallying, will the USD lose its position as the “safe haven” of choice?
Ever since AUD/USD breached the 1.0200 major psychological level, it has been on a very strong selloff, even breaking below parity. The trend remains very bearish for the pair and there could be shallow retracements for the...
USDCAD is facing 1.0341 resistance, a break above this level will indicate that the uptrend from 0.9632 has resumed, then further rise to 1.0500 area could be seen.
USDCHF’s upward movement from 0.9021 extends to as high as 0.9760. Further rise to test 0.9971 resistance is possible next week. As long as 0.9971 resistance holds, the rise from 0.9021 could be treated as correction of...
USDJPY continues its upward movement from 77.14 (Sep 13, 2012 low), and the rise extends to as high as 103.30. Further rise is still possible next week, and next target would be at 106.00 area.
AUDUSD’s fall from 1.0582 extends to as low as 0.9711. Further decline would likely be seen next week, and next target would be at 0.9500 area. Resistance is at 0.9900, as long as this level holds, the...
