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USD/CHF Technical Analysis– Prices are testing support in the 0.9358-82 area, marked by the 38.2% Fibonacci retracement and a horizontal pivot. A break below that aims...
GBP/USD Technical Analysis – Prices are consolidating above support in the 1.5040-91 area marked by the 14.6% Fibonacci expansion and a horizontal pivot level. A break...
AUD/USD Technical Analysis– Prices pulled back from resistance at 1.0483, the 76.4% Fibonacci retracement, to challenge the 61.8% level at 1.0413. A break below that targets...
NZD/USD Technical Analysis– Prices are testing support at 0.8391, the 61.8% Fibonacci retracement, with a break below that targeting the 50% level at 0.8347. Near-term resistance...
EUR/USD Technical Analysis– Prices took out falling trend line resistance set from early February after putting in a bullish Harami candlestick pattern, pointing at gains ahead....
USD/JPY Technical Analysis– Prices are testing resistance at 96.70, the March 12 high. A break above that targets the 123.6% Fibonacci extension. Near-term trend line support...
AUD/USD Technical Strategy: Long at 1.0238, Targeting Above 1.0483 Floating Profit / Loss: +175 pips We entered long AUDUSD at 1.0238. Prices pulled back from resistance...
GBP/USD Technical Strategy: Short at 1.5662 and 1.5155, Targeting Below 1.5040 Net Floating Profit / Loss: +325 pips We entered short GBPUSD at 1.5662 and added...
EUR/USD Technical Strategy: Long at 1.2934, Targeting Above 1.3139 Prices took out falling trend line resistance set from early February after putting in a bullish Harami...
THE TAKEAWAY: The US Dollar is aiming higher after taking out technical resistance while the SP 500 is digesting recent losses above support near the 1550...