Latest Forex Research
Aussie Currencies Technicals
The failed rally that ran out of steam at the Bollinger band top Thursday is a concern for bulls in that it failed to test the 2014 high and
USDJPY – rally to complete wave-3/c expected to test key 101.27 level
Friday’s price action obliged “minor wave-iv pullback” to the 101.70 area;
EURUSD – another new low can complete 5-wave decline from 1.3485.
The Euro has not rallied to form a wave-4 correction and instead continues to extend lower in impulsive decline.
FX Daily Majors
Today’s highlights: USDCHF above the key .9038 high reinforces the base, and opens up a move to the 38.2% retracement barrier at .9135.
US Morning Update
The major G10 and EM currencies pairs were stuck in very tight ranges during the London morning and Asian session.
Daily FX Update
Markets are quiet heading into the NA session, lack-ing a catalyst in the absence of data releases and geopolitical develop-ments.
EUR Mid-day Analysis
The Euro has managed to find its footing and avoid further chart damage, but it is showing little inclinationfor regaining any large portion of recent losses this morning.
JPY Mid-day Analysis
While the Yen is finding little benefit from flight-to-safety flows this week, it is managing to consolidate within last Friday’s already tight trading range.
USD Mid-day Analysis
The Dollar is finding mild pressure at the start of the week, but remains in striking distance of new highground after last week’s robust performance.
CAD Mid-day Analysis
The Canadian has found its footing after last Friday’s downside breakout, but is having trouble extending this morning’s modest gains.