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ASIA/EUROPE FOREX NEWS WRAP The Reserve Bank of Australia made history last night cutting its key benchmark interest rate to an all-time low at 2.75%, a...
THE TAKEAWAY: The US Dollar continued to drift higher within a familiar range while the SP 500 pushed upward to set a new record high above...
US Dollar Technical Analysis– Prices recovered after putting in a Hammer candlestick above support in the 10424-28 area marked by the 23.6% Fibonacci retracement and the...
GBP/JPY Technical Analysis– Prices broke above resistance at 153.15, the 50% Fibonacci expansion, exposing the 61.8% level at 154.75. A break above that aims for the...
EUR/GBP Technical Analysis – Prices appear to be carving out a Triangle chart formation, which may be broadly indicative of bullish continuation (although confirmation is required...
EUR/JPY Technical Analysis– Prices are testing resistance at 129.96, the top of a Triangle chart pattern carved out since mid-April. A break above that initially targets...
USD/CHF Technical Analysis– Prices are testing pivot resistance at 0.9384, with a break higher targeting a falling trend line at 0.9478. Support is in the 0.9246-62...
USD/CAD Technical Analysis– Prices are oscillating below resistance in the 1.0001-08 area marked by the April 11 close and the 23.6% Fibonacci retracement. Support is at...
NZD/USD Technical Analysis– Prices are consolidating above around the 0.85 figure. Near-term trend line resistance is at 0.8552, with a break above that targeting swing highs...
USD/JPY Technical Analysis– Prices are consolidating in a Triangle formation below the 100.00 figure. Near-term support is at 97.32, with a break below that exposing a...