USDCAD’s upward movement from 1.0137 extends to as high as 1.0556. Further rise is still possible next week, and next target would be at 1.0700 area. Support is at 1.0400, only break below this level could signal...
No changed in our view, USDCHF remains in downtrend, the rise from 0.9130 is treated as correction of the downtrend. Resistance is at 95.70, as long as this level holds, the downtrend could be expected to resume,...
USDJPY’s rise from 93.79 extends to as high as 99.44. Further rise is still possible next week, and next target would be at 101.00 – 102.00 area. Now the price action from 103.73 is likely consolidation of...
AUDUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.0582, and the fall extends to as low as 0.9113. Further decline is still possible after a minor consolidation, and next target...
GBPUSD is facing the support of the lower line of the price channel on daily chart. A clear break below the channel support will indicate that the downtrend from 1.6339 has resumed, then the following downward movement...
EURUSD is facing the support of the lower line of the price channel on daily chart. As long as the channel support holds, the price action from 1.3242 could be treated as consolidation of the uptrend from...
USDCAD breaks above 1.0420 previous high resistance, suggesting that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed. Further rise could be expected and next target would be at 1.0600 area.
USDCHF remains in downtrend from 0.9838, the rise from 0.9130 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 0.9000 area.
USDJPY remains in downtrend from 103.73, the rise from 93.79 is likely correction of the downtrend. Range trading between 93.79 and 100.00 would likely be seen in a couple of weeks.
AUDUSD’s downward movement from 1.0582 extends to as low as 0.9163. Further decline is still possible, and next target would be at 0.9000 area. Initial resistance is at the downward trend line on daily chart, as long...
