USDCAD broke above 1.2555 resistance, indicating that the downtrend from 1.2920 had completed at 1.2355 already. Further rally would likely be seen after a minor consolidation and next target would be at 1.2650 area. Support levels are...
USDJPY broke below 112.03 support and extended its downside movement to as low as 111.27. Further decline could be expected and next target would be at 110.84 support. Near term resistance is at 111.90, only break above...
AUDUSD broke above 0.7874 resistance, suggesting that the uptrend from 0.7501 has resumed. Further rise could be expected and next target would be at 0.7950 area. Key support is now at 0.7807, only a breakdown below this...
GBPUSD broke below 1.3494 support, suggesting that the upside movement from 1.3301 had completed at 1.3612 already. Further decline would likely be seen in a couple of days and next target would be at 1.3420 area, followed...
EURUSD remains in the downtrend from 1.2089, the bounce from 1.1915 is likely correction of the downtrend. Another fall could be expected after the correction and a breakdown below 1.1915 support could take price to the bullish...
USDJPY is still trading inside its descending triangle pattern and has just bounced off the resistance previously highlighted. Price is now making its way back to support at the 112.00 major psychological level for another test. The...
The US dollar has been very volatile during the trading session on Tuesday, as we have reached towards the 112.50 level twice. Both times, we have seen buyers jump into the marketplace, so now looks as if...
The US dollar drifted a little bit higher against the Canadian dollar during quiet trading on Tuesday. I still see a significant amount of resistance near the 1.25 level though, so I don’t have any interest in...
The British pound drifted a bit lower during the trading session on Tuesday, reaching down to the 1.35 region, which has of course offered a significant amount of support. I think at this point, I would anticipate...
The EUR/USD pair has been very noisy over the last several weeks, but the last couple of days have been a bit of a pullback. Ultimately, the market looks likely to find support just below, as the...
