07/04/2011 05:17 UTC AUD swings lower as it weakens against the USD, JPY, NZD, CAD, EUR and GBP. Recent mid-term strength indicator reading for AUD is 5 out of 8, thus suggesting that the current swing may...
Market Review – 01/07/2011 20:07 GMT Euro ends higher against greenback after intra-day volatile movements The single currency ended higher against the greenback on Friday and climbed to a three-week high of 1.4553 in European morning before...
The pair has ended an almost 50% retracement of its rally starting in March with a bounce on top of the 1,04 area. A clear break above previous high at 1,0775 would expose a test of all...
With a break below its rising trendline last week, the USD/CAD is poised to resume its downtrend with a next target at 0,95 (near previous low and weekly lower bollinger band).
Although the long trend remains bearish, we think that the USD/CHF in on the verge of a major corrective move of top of its historical low at 0,8275.
The pair is consolidating since the beginning of June and the bounce on top of 80,00 become critical support.
Over the long term, the Cable is a bit choppy evolving without a clear direction. The pair has found a great support on top the weekly lower bollinger band at 1,59.
The break above 1,4440 on June 29th has validated a double bottom formation which opens the door for a test of June high at 1,47. A break above this level would expose 2011 high at 1,4940.
Euro reaches its 3-months maximum.
After 3 days of an impressive rally, we have seen AUD/USD consolidating yesterday drawing a doji on the daily chart. The daily upper bollinger band being reached, we might see some corrective move going forward.
