USD/CAD and try to rally during the Friday session, but was slapped back down to form a massive shooting star to sit just above the 0.99 level. This shows extreme bearishness, and just how negative the view...
USDCAD’s downward movement extends to as low as 0.9905. Further decline could be expected over the next several days, and next target would be at 0.9800 area. Resistance is at the downward trend line on daily chart,...
USDCHF is in uptrend from 0.8931, the pullback from 0.9971 is likely consolidation of the uptrend. Another fall to 0.9500 area to completion the consolidation is expected over the next several days. Key resistance is at 0.9971,...
USDJPY stays in a downward price channel on daily chart, and remains in downtrend from 80.61. Another fall could be expected after a minor consolidation, and next target would be at 77.00 area. Key resistance is at...
AUDUSD’s upward movement from 0.9581 extends to as high as 1.0612. Further rise is still possible after a minor consolidation, and next target would be at 1.0700 area. Support is at the uptrend line on daily chart,...
GBPUSD has formed a sideways consolidation in a range between 1.5393 and 1.5776. Another rise to test 1.5776 resistance would likely be seen, a break above this level will target 1.5900 area. Key support is at 1.5393,...
EURUSD is in consolidation of the downtrend from 1.3486. Another rise to 1.2600 area to complete the consolidation would likely be seen over the next several days. Key resistance is at 1.2747, as long as this level...
Market review for 09.08.12: The Australian dollar strengthened amid results of the Employment change report.
Weak economic data springing from Germany continued to put pressure on the Euro in the previous European trading exchanges, resulting to its loss of 30 pips versus the British pound.
USD/JPY had a slightly bullish session for Thursday although it did end up giving back quite a bit of the gains by the end of the session in order to form a less than impressive green candle.
