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Pivot: 1.305 Our preference: Short positions below 1.305 with targets @ 1.2995 1.297 in extension. Alternative scenario: Above 1.305 look for further upside with 1.3085 1.313...
ASIA/EUROPE FOREX NEWS WRAP High beta currencies and risk-correlated assets are consolidating on the day (AUDUSD: -0.06%; NZDUSD: +0.19%; USDCAD: -0.02%) ahead of major headline event...
US Dollar Technical Analysis– Prices are pulling back from resistance in the 10547-76 area, marked by the 23.6% Fibonacci expansion and the March 11 high.Near-term support...
EUR/GBP Technical Analysis – Prices broke support at 0.8434, the 50% Fibonacci expansion, exposing the 61.8% level at 0.8386. A further push below that aims for...
GBP/JPY Technical Analysis– Prices are testing resistance at 153.85, the April 11 swing high. A break above that targets the 61.8% Fibonacci expansion at 156.32. Near-term...
EUR/JPY Technical Analysis– Prices are testing support at 128.18, the 23.6% Fibonacci retracement. A break below this barrier aims for the 38.2% level at 123.37. Near-term...
USD/CHF Technical Analysis– Prices pushed higher as expected after putting in a Bullish Engulfing candlestick pattern above the 0.92 figure. Buyers are now challenging resistance at...
USD/CAD Technical Analysis– Prices are correcting lower from resistance at 1.0284, the 38.2% Fibonacci expansion, to retest the top of a formerly broken falling channel at...
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...
* The Euro continues to map out a very bearish medium term outlook following the 1997 Pandora’s Box analogy. We therefore remain medium term short from...