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USDCAD is facing a bullish trend line on its daily chart. A clear break below the trend line support will suggest the upside movement from 1.2061 had completed at 1.2916 already, then deeper decline towards 1.2433 support...
USDJPY’s upside movement from 107.31 extended to as high as 114.73. Near term support is at the bottom trend line of the price channel on the daily chart now at around 112.65. As long as the channel...
AUDUSD formed a sideways movement in a narrow range between 0.7624 and 0.7729. The sideways movement is likely consolidation of the downtrend from 0.8124 and a breakdown below 0.7624 support could trigger another fall towards 0.7535 support...
GBPUSD moved sideways in a narrow range between 1.3027 and 1.3337. The price action in the range is likely consolidation of the downtrend from 1.3657 and further decline is still possible after the consolidation. There is a...
EURUSD stays below a descending trend line on the daily chart and remains in the downtrend from 1.2092. As long as the price is below the trend line, the bounce from 1.1554 could be treated as consolidation...
The US dollar has been very choppy against the Japanese yen during the Friday session, as the 113.50 level has offered a bit of resistance. I think that the market will continue to be very noisy, but...
The US dollar was slightly positive against the Canadian dollar during the Friday session, as we are testing the 1.27 level for resistance. On the short-term charts, it certainly looks as if we will continue to find...
The British pound initially was sideways during the day on Friday, but started to rally rather significantly as Europeans went home. Ultimately, I believe that the 1.3250 level should offer a bit of resistance, as it has...
The EUR/USD pair has been very noisy during the trading session on Friday, seeing both bullish and bearish pressure occasionally. We did eventually reach towards the 1.1675 handle, but started to roll over again. I recognize the...
