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USDCAD formed a cycle top at 1.2123 on daily chart. Pullback could be seen to 1.1500 level next week and consolidation in a range between 1.1000 and 1.2123 is expected in next several weeks. Key resistance is...
USDCHF breaks above 1.1486 resistance and pulls back from 1.1488 level. Further rise is still possible to 1.1700 zone next week. Initial support is located at 1.1128, and followed by the up trend line 1.0010 to 1.0693,...
USDJPY is in consolidation to down trend. Further rally to 104.00 zone to reach the next cycle top on daily chart is still in favor, and the next cycle top is nearing. As long as the trend...
AUDUSD remains in down trend. The rebound from 0.6330 is treated as correction to down trend. Deeper decline is still possible to 0.6000 zone after correction. Initial resistance is now located at 0.7425, only rise above this...
GBPUSD remains in down trend. The rebound from 1.6786 is treated as consolidation to down trend. Further fall is expected towards 1.6500 zone after consolidation, and a break below 1.6786 level will signal resumption of down trend....
EURUSD formed a sideways consolidation in a range between 1.3258 and 1.3785 for two weeks. As long as 1.3785 resistance holds, we’d expect down trend to resume and further fall towards 1.3000 zone to reach the next...
Today’s US Dollar Trading • Two-way trade after the open• US data negative but traders still watching credit• Technical trading finds some stops
• USD has a technical day, holds S/R • Volumes continue to remain off • Traders remain unsure how to play the bailout
As expected, USDCAD formed a cycle top at 1.2123 on daily chart. Consolidation in a range between 1.1000 and 1.2123 could be seen in next several weeks. Key resistance is now located at 1.2123, and this level...
