Latest Forex Research
EUR/USD Analysis
The pair started in Asia this morning at $1.3605, just at the high traded during the US hours last night.
GBP/USD Analysis
The pair closed in NY Monday at $1.7026 after rate had been pressed back from earlier session highs of $1.7051 to $1.7002.
USD/JPY Analysis
JPY started at Y101.93 vs the dollar and at Y138.67 against the euro this morning and has generally been a touch firmer, while Japanese stocks hold a slightly offered tone.
Will CAD Strength Continue?
USD/CAD closed below the 200 day moving average last week and is now aggressively through the 2013 high at 1.0738, notes CitiFX Technicals.
Daily FX Wrap and Strategy
The week started with the NZD (and AUD) buoyed by the monthly “flash” update of Chinese Manufacturing PMI courtesy of HSBC.
Aussie Currencies Technicals
The rally places thoughts of a correction on hold for now although bears will take comfort in the failure ahead of 2014 highs combined with
GBP/USD hourly– Only a decisive break above 1.7050 would eliminate the setback risk
• The market is still struggling with key-pivotal resistance 1.7044/49 (2009 high/2005 low) which needs to
EUR/GBP weekly– Make or break at 0.7961!
• Having already exceeded the internal 76.4 % retreatment at 0.8005 quite a bit,
EUR/CAD daily – Make or break at 1.4600!
• The idea that the decline from the 1.5588 top is nothing else but
EUR/USD hourly – A break above 1.3676 is needed to open additional upside
• The market has finally managed to trade away from key-support at 1.3477
USDCAD – major wave-4 support zone surfaces from 1.0722 to 1.0668
A step back at the weekly shows that this decline in $cad is pulling back to Major support in the mid 1.06’s.
USDJPY – break of 101.74/102.21 triangle range can offer clue to next leg
The upchannel from late May has suffered a second break but follow through to the downside is limited so far.