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USD/CAD Technical Analysis– Prices broke support at in the 1.0095-99 area, marked by the 76.4% Fibonacci expansion and the January 25 swing high. Sellers now target...
AUD/USD Technical Analysis– Prices are testing below support at 1.0246, the 38.2% Fibonacci expansion. A break downward confirmed on a daily closing basis exposes the 50%...
NZD/USD Technical Analysis– Prices are testing support at 0.8465, the 38.2% Fibonacci expansion, with a break lower exposing the 50% level at 0.8427. Near-term resistance is...
GBP/USD Technical Analysis – Prices are testing resistance at the top of a rising channel set from mid-March (1.5573), a barrier reinforced by the 50% Fibonacci...
USD/JPY Technical Analysis– Prices recoiled from resistance below the 100.00 figure break below support at 97.79, the 23.6% Fibonacci retracement. Sellers now target the 38.2% level...
EUR/USD Technical Analysis– Prices put in a Shooting Star candlestick below resistance in the 1.3201-27 area, marked by the April 16 high and the 50% Fibonacci...
Pivot: 0.8455. Our preference: LONG positions above 0.8455 with 0.8505 0.8535 in sight. Alternative scenario: The downside penetration of 0.8455 will call for 0.8435 0.842. Comment:...
Pivot: 1.0045 Our preference: Long positions above 1.0045 with targets @ 1.01 1.0125 in extension. Alternative scenario: Below 1.0045 look for further downside with 1.0015 0.9995...
THE TAKEAWAY: The US Dollar managed to cling to near-term chart support while the SP 500 failed to build enough momentum to overcome the 1600 figure...
Pivot: 0.8455 Our preference: Long positions above 0.8455 with targets @ 0.8505 0.8535 in extension. Alternative scenario: Below 0.8455 look for further downside with 0.8435 0.842...