USDJPY traded in range between 108.13 and 110.66. Pullback towards the lower boundary of the price channel to reach next cycle bottom on daily chart would more likely be seen before breaking above 110.66 level. However, a...
AUDUSD’s down trend resumed and the fall from 0.9849 extended further to as low as 0.8493 level. Deeper decline is still possible to 0.8400 level in a couple of days. Key resistance is now located at 0.8812,...
GBPUSD’s down trend remains and the fall from 2.0158 extended further to as low as 1.8330 yesterday. Deeper decline is expected to 1.8000 level in next few days. Key resistance is located at 1.8794, a break above...
EURUSD’s down trend extended further to as low as 1.4571 yesterday. Deeper decline to test the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low) is still in...
With New Home Sales on Tap Will EUR/USD Test 1.4550? Intra-day gains in the dollar on a better-than-expected U.S. Existing Home Sales report tended to be short lived even though stabilization in the U.S. housing market is...
Today’s US Dollar Trading• The USD unable to hold gains in NY• Volume a bit better than Friday, stops drive a lot of trade• Oil pushes Greenback around as do equities Overnight Preview• Look for tow-way action overnight • USD may be...
USDCAD broke below 1.0543 key support, suggest that a cycle top has been formed at 1.0727 level on daily chart. Pullback to retest 0.9974 level is expected. Initial resistance is at 1.0727, only rise above this level...
USDCHF remains in up trend, and the rebound from 1.0842 could possibly be resumption of up trend. Further rise towards 1.1200 level is possible in next few days. Initial support is now at 1.0842 followed by 1.0740,...
USDJPY is forming a sideways consolidation in a range between 108.13 and 110.66. Rebound from 108.13 could possibly be resumption of up trend. Further rise to 112.00 level is now in favor. Initial support is at 108.13,...
AUDUSD traded in a range between 0.8591 and 0.8812. Deeper decline to test 0.8512 (Jan 22 low) support is still possible after breaking below 0.8591 level. If 0.8512 support gives way, next target would be at 0.8200....
