Tag Archives: USD/CAD

Daily FX Update

A bout of USD strength is rolling from currency to currency; initially driving the majors of EUR, GBP and JPY lower,

Today’s highlights: AUDUSD maintains its large “head & shoulders” top and we stay bearish for our .8982/56 next target.

EUR/USD is trying to bounce from its oversolddecline. However, the hourly resistance at 1.2988(05/09/2014 high) has held thus far.

The wave-(2) consolidation that began from 1.0998 did not reach the 1.0765 zone but

Concerns over China’s softening growth outlook are the focus for FX ahead of the NA session,

Today’s highlights: EURGBP’s aggressive bearish “outside” reversal at

EUR/USD is trying to bounce from its oversolddecline. The hourly resistance at 1.2988(05/09/2014 high) has held thus far.

EUR/USD: We are not ready to flip the bearish view, but think it’s worth trimming the position,

Currency and interest rate markets are the focus leading into the NA open. Suddenly volatility has surged higher,

Today’s highlights: AUDUSD finally confirms a large top and we stay directly bearish for.9082 next, then .8982/56.

EUR/USD is trying to bounce from its oversolddecline. Hourly resistances can be found at1.2988 (05/09/2014 high) and

Market price shifts from Monday’s NA close are relatively small but there are plenty of clues in markets that there is a major shift underway.