USDCHF dropped sharply to as low as 1.1081 level, suggesting that the rise from 0.9917 (2009 low) has completed at 1.1730 already. Deeper decline is still possible next week and next target would be at 1.0800-1.0900 area....
No changed in our view, USDJPY is forming a sideways consolidation in a range between 88.14 and 94.98. Another rise towards 94.98 previous high would more likely be seen before breaking below 88.14 key support.
AUDUSD broke above 1.8550 key resistance and reached as high as 0.8729. Further rally is still possible next week and next target would be at 0.9000 area. Support level is at 0.8505, as long as this level...
GBPUSD’s bounce from 1.4230 extends further to as high as 1.4885. Now the pair is facing the upper boundary of the rising price channel. Pullback would more likely be seen next week. Support is now at the...
EURUSD broke above the price channel on daily chart. Further rise to test 1.2671 key resistance is expected. A break above this level will indicate that the downtrend from 1.5144 has completed at 1.1876 already, then next...
USDCAD breaks below the uptrend line from 0.9930 to 1.0110. Deeper decline is expected next week and next target would be at 1.0100 area. Resistance is now at 1.0460, as long as this level holds, downtrend from...
USDCHF broke below the rising price channel on daily chart, suggesting lengthier consolidation of uptrend from 0.9917 is underway. Rang trading between 1.1200 and 1.1730 is expected in a next several weeks. As long as 1.1200 support...
USDJPY formed a sideways consolidation in a range between 88.14 and 94.98 for several months. Resistance is at 92.88, a break above this level could trigger another rise towards 94.98 previous high. Near term support is at...
AUDUSD traded in a range between 0.8066 and 0.8550. Key resistance is at 0.8550, as long as this level holds, the price action in the range is treated as consolidation of downtrend and another fall towards 0.7500...
GBPUSD might be forming a cycle top at 1.4769 level on daily chart. Key support is at 1.4230, a break below this level will confirm the cycle top, then another fall towards 1.4000 could be seen. Resistance...
