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NZD/USD Technical Analysis– Prices are testing critical support in the 0.7895-0.7921 region marked by the 61.8% Fibonacci retracement and a rising trend line set from June...
AUD/USD Technical Analysis– Prices broke support in the 0.9542-80 area, marked by the June 2012 low and the 23.6% Fibonacci expansion, to expose the 38.2% level...
GBP/USD Technical Analysis – Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. A break above resistance at 1.5377, the 61.8% Fibonacci retracement,...
USD/JPY Technical Analysis– Prices declined as expected after putting in a Bearish Engulfing candlestick pattern. The pair has now taken out support at 100.69, the 23.6%...
EUR/USD Technical Analysis– Prices advanced as expected after putting in a Bullish Engulfing candlestick pattern. The pair has broken above a falling trend line set from...
Pivot: 1.0325 Our preference: Long positions above 1.0325 with targets @ 1.038 1.042 in extension. Alternative scenario: Below 1.0325 look for further downside with 1.0275 1.0255...
Pivot: 0.79 Our preference: Long positions above 0.79 with targets @ 0.798 0.8 in extension. Alternative scenario: Below 0.79 look for further downside with 0.788 0.786...
Pivot: 1.303 Our preference: Long positions above 1.303 with targets @ 1.3105 1.313 in extension. Alternative scenario: Below 1.303 look for further downside with 1.299 1.295...
Pivot: 153.45 Our preference: Short positions below 153.45 with targets @ 152.2 151.9 in extension. Alternative scenario: Above 153.45 look for further upside with 153.8 154.05...
THE TAKEAWAY: The US Dollar failed to find fuel for a meaningful advance despite a sharp decline in the SP 500 that may have been expected...