EUR/USD is slowly edging closer and closer to the 1.3000 major psychological support again as the pair has formed lower highs on its 1-hour chart. In fact, it has created a descending triangle pattern on the...
The RBA just cut interest rates by 25 basis points from 3.00% to 2.75% earlier in today’s Asian session. This pushed AUD/USD below the support level around 1.0230 to a low of 1.0178 right after the statement.
The USD/JPY pair did very little during the session on Monday, as markets overall were fairly calm. This particular pair continues to grind just below the 100 handle, which has obviously been very resistant lately.
The USD/CAD pair fell during the session after initially trying to rally. The 1.00 level below still offers a “trigger” for more sell orders, and as you can see the market simply is grinding at this point....
The GBP/USD pair went back and forth during the session on Monday, remaining above the 1.55 support level. This market has essentially done nothing over the last couple of sessions, and appears to be quite comfortable just...
The EUR/USD pair fell during the session on Monday, but as you can see bounced of the 200 day moving average. The 200 day EMA has been flat for some time, and as a result trend traders...
The AUD/USD pair fell during the session on Monday, but bounced towards the end of the day just above the 1.02 support level. This level has been rather supportive lately, and as a result we are not...
After last week’s strong selloff, USD/CAD is currently stalling around the 1.0075 resistance turned support level. This is in line with the 50% Fibonacci retracement on the 4-hour time frame.
USDCAD broke below 1.0083 support, suggesting that the downtrend from 1.0341 has resumed. Further decline could be seen over the next several days, and next target would be at 1.0000 area.
USDCHF stays in a trading range between 0.9206 and 0.9567. Support is at 0.9206, a breakdown below this level will indicate that the downtrend from 0.9567 has resumed, then further decline towards 0.9000 could be seen.
