The USD/JPY pair managed to gain rather significantly during the shortened Monday session as word got out that the lawmakers in Washington DC may perhaps be coming close to a deal with the fiscal talks. As you...
The USD/CAD pair initially rose during the session on Monday, but turned around and fell fairly significantly. The resulting candle is a bit of a shooting star, but looks more bearish than that simple observation.
The GBP/USD pair shot straight up during the session on Monday as the cable pair still looks outstandingly strong. Within this chart, we still see the 1.63 level as a significant resistance area, but all in all...
The EUR/USD pair continued to bounce around in the relatively tight consolidation area that we’ve seen over the last couple of weeks. The 1.3150 level continues offer support, as the 1.33 level continues offer resistance.
The AUD/USD pair went back and forth during the Monday session as we continue to linger below the 1.04 level. This level is significant resistance, but we feel that the shape of the candle suggests that pressure...
Renewed efforts by US lawmakers to reach a budget deal before a set of automatic tax increases and spending cuts, known as the “fiscal cliff”, go into effect at the beginning of the year, helped higher-yielding currencies...
No changed in our view, USDCAD remains in downtrend from 1.0055, the rise from 0.9824 would possibly be correction of the downtrend. Key resistance is at 1.0055, as long as this level holds, the downtrend could be...
USDCHF stays within a downward price channel on daily chart, and remains in downtrend from 0.9511. Another fall could be expected after consolidation, and next target would be at 0.8900 area.
USDJPY’s upward movement from 77.14 extends to as high as 86.63. Further rise could be expected after consolidation, and next target would be at 88.00 area. Support is at 85.50 followed by 84.50, as long as these...
AUDUSD is now in downtrend from 1.0585. Further decline would likely be seen next week, and next target would be at 1.0200 area. Key resistance is at 1.0585, only break above this level could signal resumption of...
