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Pivot: 1.022 Our preference: Long @ 1.0236 with targets @ 1.0277 1.029 in extension. Alternative scenario: Below 1.022 look for further downside with 1.02 1.018 as...
ASIA/EUROPE FOREX NEWS WRAP “Risk off” wouldn’t be quite the term I would use to describe price action thus far at the start of the first...
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 130.05, the top of a Triangle chart pattern carved out since mid-April. A break above that targets the...
USD/CHF Technical Analysis– Prices are testing pivot resistance at 0.9379, with a break higher targeting a falling trend line at 0.9480. Support is in the 0.9246-58...
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 0.8558, with a break above that targeting swing highs...
AUD/USD Technical Analysis– Prices are testing support at 1.0246, the 38.2% Fibonacci expansion. This barrier is reinforced by the bottom of a falling channel set from...