AUDUSD’s fall from 0.7644 extended to as low as 0.7552. Deeper decline to test 0.7532 support is possible and a breakdown below this level could signal resumption of the downtrend from 0.7897, then next target would be...
GBPUSD’s upside movement from 1.3039 extended to as high as 1.3448, breaking above the top trend line of the price channel on the 4-hour chart, facing a bearish trend line on the weekly chart. Breakthrough here could...
EURUSD is facing the support of the rising trend line from 1.1554 to 1.1712 on the 4-hour chart. As long as the trend line support holds, the fall from 1.1961 could be treated as consolidation of the...
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. As long as 146.93 support holds, the price action in the range could be treated as consolidation...
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The US dollar rallied slightly against the Japanese yen during the trading session on Tuesday, reaching towards the 111.50 level. I think there is a significant amount of resistance between here and the 112 level, and it’s...
The US dollar went sideways initially on Tuesday, but then shot towards the 1.28 handle above, finally breaking out above that level slightly. Ultimately though, the market looks likely to pull back from here a bit though,...
The British pound initially tried to rally during the trading session on Tuesday, but found the area above the 1.3333 level to be a bit too expensive. Because of this, I think that the pullback to the...
The EUR/USD pair spent most of the day going sideways on Tuesday, but then pulled back to reach towards the 1.2860 level underneath. It is the 38.2% Fibonacci retracement level from the move higher, and we are...
The Australian dollar went back and forth during the course of the trading session on Tuesday, bouncing around the 0.76 handle. That being the case, I think that the market should be very volatile in this general...
