USDCAD dropped sharply from 1.2920 to as low as 1.2699, breaking below 1.2713 support. Further decline is still possible after a minor consolidation and next target would be at 1.2623 support. Below this level could bring price...
USDJPY is facing 113.75 resistance. A breakout of this level will confirm that the uptrend from 110.84 has resumed, then next target would be at 114.73 resistance. Support is at the bottom of the rising price channel...
AUDUSD broke above 0.7694 resistance, indicating that the uptrend from 0.7501 has resumed. Further rise could be expected and next target would be at 0.7800 area. Support levels are at 0.7670 and 0.7635, only break below these...
GBPUSD moved sideways in a range between 1.3301 and 1.3466 for several days. Key resistance is at 1.3466. As long as this level holds, the price action in the range could be treated as consolidation of the...
EURUSD is now in short term uptrend from 1.1717, the fall from 1.1901 is likely consolidation of the uptrend. A breakout of 1.1901 resistance would trigger further upside movement to test 1.1961 resistance. Above this level could...
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usdjpy The US dollar rallied significantly during the trading session on Wednesday, breaking above the psychologically important 113 handle. We did see the 113.33 level offer a slight amount of resistance, but I think at this point...
usdcad The US dollar pulled back a bit during the trading session on Wednesday, but seems to be finding support near the 1.2850 level, an area that I think will continue to be important, but I think...
The British pound rallied a bit during the trading session on Wednesday, reaching towards the 1.34 handle. That’s an area that has a bit of resistance attached to it, but in general I think that the...
The EUR/USD pair was quiet during most of the trading session, but as the Americans took over the pair rallied towards the 1.19 handle. This is a market that has very positive signs on the weekly...
