AUDUSD continued its upside movement from 0.7501 and the rise extended to as high as 0.8038. Further rise is still possible next week and next target would be at 0.8124 resistance. Near term support is at 0.7936,...
GBPUSD’s upside movement from 1.3027 extended to as high as 1.3945. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target...
EURUSD extended its upside movement from 1.1554 to as high as 1.2323. As long as the price is above the bullish trend line on the daily chart, the upside movement could be expected to continue and next...
The US dollar has pulled back a bit during the trading session on Thursday, reaching towards the 111 level. However, this is an area that has offered support and resistance in the past, so it doesn’t surprise...
Although the Bank of Canada raised interest rates yesterday, the reality is that they are going to be hard-pressed to do so rapidly. As we rallied during the day on Thursday, it looks as if the 1.25...
The British pound has rallied a bit during the Thursday trading session, reaching towards the 1.39 handle. Given enough time, I believe that the market goes looking towards the 1.40 level, which is the major target above....
The EUR/USD pair rallied a bit during the trading session on Thursday, but it looks as if it is rolling over, making a “lower highs.” That of course is a scenario in which sellers will continue to...
The Australian dollar rallied during the Thursday trading session, reaching towards the 0.80 level. That’s an area that is massive resistance, going back to the 1980s. We have broken above there recently though, but then broke back...
USDCAD is in consolidation of the downtrend from 1.2920. Range trading between 1.2355 and 1.2590 could be expected to continue over the next several days. Near term support is at 1.2355, a breakdown below this level will...
USDJPY remains in downside trend from 113.75, the bounce from 110.19 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and a breakdown below 110.19 could take price to next support level...
