Latest Forex Research

NZDUSD – can’t rule out bear triangle but continue to favor wave-C rally

The wave-4 high on the daily at .8034 led to what we viewed (and still view) as a classic wave-5 ending diagonal (falling wedge).

The move to 1.2280 was just shy of major 1.2260/50 support and

A bearish key reversal Thursday sees bears feeling more confident with

The pair spiked to $1.5714 Thursday on extended react to President Draghi’s press conference and

Layers of resistance remain in the $1.2456-1.2532 region with the bounce from fresh 2014 and

After having failed to retest the $0.8469 resistance level Thursday the AUD was looking a little heavy heading into the NY close.

The pair also witnessed some consolidation this morning in the Asia-Pacific session after

The JPY regained some lost ground today as the US dollar entered a period of profit-taking and

NZD is off its overnight highs, but remains 0.2% higher for the day against the USD at 0.7780.

Oil is weak, as WTI falls back below $67, on conflicting headlines from Saudi;

Traders should expect the ECB to continue to remain behind the curve with respect to stimulating their economy.

The Swiss remains pinned down near its recent lows and harsh rhetoric from Putin overnight,