EUR/USD Daily graph: http://www.real-forex.com/charts-daily/011110W/EUR_DAILY_011110.JPG
Being contained by 1.0378 key resistance, USDCAD pulled back from 1.0348 level. Range trading between 0.9979 and 1.0378 is expected next week.
USDCHF’s bounce from 0.9463 extended to as high as 0.9928 level. Further rise to 1.0000-1.0100 area to reach next cycle top on daily chart is expected next week.
USDJPY’s bearish trend extended to as low as 80.38 level. Key resistance is now at 81.98, as long as this level holds, downtrend is expected to continue and further decline towards 79.75 (1995 low) is expected, only...
AUDUSD has formed a cycle top at 0.9998 level on daily chart. Pullback towards the lower border of the channel would more likely be seen next week.
GBPUSD’s fall from 1.6105 extended to 1.5649 only. The subsequent bounce from 1.5649 is more likely resumption of uptrend from 1.5296, another rise towards 1.6400-1.6500 is expected next week, however a break above 1.6105 is needed to...
EURUSD stays in a trading range between 1.3698 and 1.4152. Lengthier sideways movement in the range could be seen next week, and the price action in the range is more likely consolidation of uptrend.
AUD/USD is developing wave C of the midterm downtrend – colored magenta in the chart. Within this wave there’s corrective wave B that is developing. Its targets are Fibonacci retracements of 0.9973-0.9651.
Greenback switched to the negative dynamics. Asian and European trading sessions: Euro: The demand for the risky assets grew on Thursday, and the euro stabilized. The EUR/USD pair showed maximums at the level of $1,3865.
AUD/USD: The bearish trend started in the beginning of the week has been corrected by exactly 50% during the 28-10-2010 session. NZD/USD: During this trading week, the pair didn’t stop to navigate between the resistance 0.7564 and...