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USD/CHF Technical Analysis– Prices pulled back as expected after putting in a Shooting Star candlestick below resistance at 0.9478, the 50% Fibonacci expansion. Sellers are now...
USD/CAD Technical Analysis– Prices are correcting lower from resistance at 1.0284, the 38.2% Fibonacci expansion, to retest below the top of a formerly broken falling channel...
AUD/USD Technical Analysis– Prices are challenging the 23.6% Fibonacci expansion at 1.0330. A break above that aims for the 38.2% level at 1.0399. Near-term support is...
NZD/USD Technical Analysis– Prices are bouncing from support at 0.8387, the 23.6% Fibonacci retracement to test above the 14.6% level at 0.8497. A break above that...
GBP/USD Technical Analysis – Prices broke above resistance at 1.5408, the 38.2% Fibonacci retracement, exposing a rising channel top at 1.5540 and the 50% level at...
USD/JPY Technical Analysis– Prices recoiled from resistance below the 100.00 figure to test support at 97.79, the 23.6% Fibonacci retracement. A break below this barrier initially...
EUR/USD Technical Analysis– Prices are testing support at 1.2973, the intersection of the 23.6% Fibonacci expansion and a formerly broken falling trend line. The pullback appears...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is working on its fourth consecutive day lower in the wake of the disappointing...
Pivot: 1.028 Our preference: Long @ 1.0295 with targets @ 1.034 1.0355 in extension. Alternative scenario: Below 1.028 look for further downside with 1.0255 1.023 as...
THE TAKEAWAY: The US Dollar is pulling back to technical support defining recent price action while the SP 500 continues to flirt with challenging the 1600...