The EUR lost ground to the USD on Friday as the day came to a close, and it did this as some traders must have been wondering how long the EUR can trade under a dollar centric...
The Sterling remains within the higher realms of its values against the USD even after it lost some ground to the greenback on Friday. The Sterling finds itself comfortably within the stronger parts of its range. The...
The JPY crawled to some slight loses against the USD on Friday, but it remains solidly within a sphere that it has fashioned for a long duration now – taking into the account the brief intervention attempt...
Following last Friday’s better than expected US Non-Farm Payroll’s figure, the greenback continues to make gains against its main currency rivals. The EUR/USD pair has fallen below the 1.4000 level and is continuing its decline.
Market Review – 05/11/2010 20:53 GMT Dollar rallies after robust U.S. jobs report The greenback rose strongly especially against yen and euro on Friday as optimism over the recovery of U.S. economy grew after release of solid...
EUR/USD Daily graph: http://www.real-forex.com/charts-daily/November2010/EUR_DAILY_081110.JPG
USDCAD is facing 0.9979 support, a break below this level could trigger another fall towards 0.9700 area. However, as long as 0.9979 support holds, one more rise towards 1.0600 is still possible.
USDCHF has formed a cycle top at 0.9971 level on 4-hour chart. Range trading between 0.9463 and 0.9971 would more likely be seen in a couple of weeks.
USDJPY stays below a falling trend line from 94.98 to 85.92, and moved sideways in a trading range between 80.30 and 81.98 for several weeks.
AUDUSD broke above 0.9998 resistance and reached as high as 1.0182 level, suggesting that the uptrend from 0.8066 has resumed.