USDCAD breaks below 0.9987 support. Deeper decline to test 0.9709 is still possible in the next several days. Key resistance is now located at 1.0326, only break of this level will signal the resumption of the long...
USDCHF is forming a cycle top at 1.0623 on daily chart. Key support is now located at 1.0388, a break below this level will confirm the cycle top and pullback to retest 0.9870 support is expected to...
USDJPY is forming a cycle bottom at 102.58 on daily chart. The rise from 102.58 is treated as resumption of the up trend. Further rise towards 108.00 to reach the next cycle top is expected. Initial support...
AUDUSD traded in range between 0.9275 and 0.9541. Deeper decline to retest 0.8953 support is still in favor and a break of 0.9275 will confirm such case. Key resistance is at 0.9541, only rise above this level...
GBPUSD is in down trend. Further fall to test 1.9337 (Jan 22 low) is expected. Break below this level is possible after consolidation. Key resistance is located at 2.0029, only rise above this level will indicate lengthier...
EURUSD is bottoming at 1.5284 on daily chart. Key resistance is now located at 1.5594, a break of this level will confirm the cycle bottom. Sideways consolidation in a range between 1.5284 and 1.6019 could be expected...
The USD lost steam from last week’s strengthening vs. most of the major currencies as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher. The greenback also weakened amid renewed concerns that the...
Today’s US Dollar Trading • USD opens mixed, ends lower• Technical levels hold gains in check• Stops in range Overnight Preview• Look for two-way action to continue• Technical trade likely Looking Ahead to Tuesday All times EASTERN (-5...
The Greenback traded with mixed results last week as the turbulent relationship between the USD and the EUR grows even stronger. The oft traded pair saw record highs towards the end of the month of April. Since,...
Overnight Asia/Europe • USD opens mixed• Firms into Europe• Sovereign demand seen Today’s Economic ReportsAll times EASTERN (-5 GMT)• None in the US• Treasury Budget during the day Looking Ahead to TuesdayAll times EASTERN (-5 GMT)• 08:30 Export...
