AUDUSD moved sideways in a trading range between 0.7642 and 0.7726. The price action in the range is likely consolidation of the downtrend from 0.7916 and a breakdown below 0.7642 could trigger another fall towards 0.7600.
GBPUSD broke above 1.4096 resistance, suggesting that lengthier consolidation for the downtrend from 1.4244 is underway. Further rally is still possible and the target would be at 1.4150 area. However, as long as 1.4150 resistance holds, the...
EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.2476. As long as the price is in the channel, the bounce from 1.2214 could be treated as consolidation for...
USDCAD continued its downside movement from 1.2943 to as low as 1.2744. Further decline is still possible and next target would be at 1.2650 area. Near term resistance at 1.2810, only break above this level could trigger...
USDJPY broke above 107.01 resistance and extended its upside movement from 105.65 to as high as 107.49. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as...
AUDUSD is in consolidation for the downtrend from 0.7916. Another rise towards 0.7760 resistance is possible. However, as long as this level holds, the downtrend could be expected to resume and one more fall to 0.7600 area...
GBPUSD broke below 1.4008 support and extended its downside movement from 1.4244 to as low as 1.3965. Further decline could be expected in a couple of days and next target would be at 1.3889 support. Below this...
EURUSD extended its downside movement from 1.2476 to as low as 1.2218, breaking below 1.2239 support. Further decline is still possible after a minor consolidation and next target would be at 1.2155 support. Near term resistance is...
USDCAD extended its downside movement from 1.3124 to as low as 1.2756. Further decline is still possible in the coming days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only...
USDJPY is now facing 107.01 resistance, a breakout of this level could signal resumption of the uptrend from 104.63, then further rise to test 107.90 resistance could be seen. Support is at 105.65, only a breakdown below...
