USDCHF breaks above 1.0539 resistance. Further rise to test 1.0623 (May 8 high) could be seen in a couple of days. Consolidation would more likely be seen before breaking above 1.0623 level. Initial support is at 1.0430,...
USDJPY is testing 108.58 previous high resistance. Further rise towards 112.00 could be seen if 108.58 resistance gives ways. Initial support is at 106.57, only break down below this level will pull price back to retest 103.76...
AUDUSD’s down trend remains, and the fall from 0.9849 extends further to as low as 0.9132 level. Deeper decline to test 0.8953 (Mar 20 low) could be expected in next few days. Initial resistance is at 1.9275,...
GBPUSD broke below 1.9647 support and reached as low as 1.9521 level. Deeper decline to test 1.9337 (Jan 22 low) is now in favor, and break down below this level signal further fall towards 1.9000 level. Initial...
EURUSD’s down trend remains and the fall from 1.6038 extends further to as low as 1.5445 level. Deeper decline to test 1.5284 previous low support is still possible in next several days. Near term resistance is at...
Fed is Expected to Hold Fed-Funds Rate Steady. Yesterday the greenback saw rising trends against its major currency counterparts; however it failed to appreciate substantially against the EUR. The oft-traded currency pair approached a 6 week low...
Today’s US Dollar Trading• USD starts mixed then rallies• USD/CAD rallies to a new high• Volumes moderate Overnight Preview• Likely early follow-on buying of USD• Should be quiet ahead of FOMC Looking Ahead to ThursdayAll times EASTERN (-5 GMT)• 10:00am USD ISM Non-Manufacturing...
USDCAD’s up trend from 0.9974 extends further to as high as 1.0296 level. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is still in favor. Initial support is at 1.0150 only fall...
USDCHF is testing the previous high resistance at 1.0539, a break of this level will confirm the resumption of long term up trend from 0.9634 (Mar 17 low). Key support is now located at 1.0314, only fall...
Being contained by the previous high resistance at 108.58, USDJPY formed a sideways consolidation in a narrow range between 107.28 and 108.37. Initial support is at 106.57, as long as this support holds, we’d expect up trend...
