The Aussie has been one of the main victims of the shift towards risk aversion on the market. The market has broken back below parity like a knife through butter…
The pair finally managed to overcome the strong parity resistance. This confirmed breakout opens the door to further gains towards 1,08 (monthly bollinger band).
The pair has confirmed a strong bullish bounce with a break above 90,00. We expect a continuation of the bullish trend over the middle term.
The pair continues to consolidate on top of the key 76,00 level despite the strong Dollar which confirms a relative strengh of the Yen.
The break below 1,57 has accelerated the downside move towards the 1,5350 support from the end of december 2010 which is now being tested.
The pair is now evolving in a clear bearish trend after a confirmation of the break below 1,38.
USD/CAD climbed again on Friday as traders sold oil markets off in large amounts. The oil trade is directly related to the USD/CAD trade, and such we expect the CAD to gain in value as oil rises,...
The AUD/USD pair fell again on Friday as traders continued to sell off riskier assets around the world. The resulting bar was a bit of a hammer, and a bounce wouldn’t be out of the question at...
USD/CHF rose, but fell as well on Friday and then gained some ground back in the end of trading. The pair is decidedly bullish, and we now see dips as buying opportunities.
The GBP/USD pair fell after rising to the 1.55 level on Friday. The area was recently support, so a retest of it as resistance would be expected by the markets, and it did in fact fail to...