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AUD/USD Technical Analysis– Prices turned lower as expected, with sellers now testing support at 1.0224 marked by the 76.4% Fibonacci retracement. A break below that aims...
NZD/USD Technical Analysis– Prices are bouncing from support at 0.8387, the 23.6% Fibonacci retracement to target the 14.6% level at 0.8497. A break above that aims...
USD/CAD Technical Analysis– Prices launched higher after showing a bullish Piercing Line candlestick pattern, taking out the 23.6% Fibonacci expansion at 1.0207 to expose the 38.2%...
GBP/USD Technical Analysis – Prices are testing below support at the bottom of a rising channel (1.5202), with a break downward on a daily closing basis...
USD/JPY Technical Analysis– Prices are testing resistance at 99.47, the 50% Fibonacci expansion. This barrier is reinforced by the psychologically significant 100.00 barrier. A break above...
Pivot: 94.85 Our Preference: Bearish below 94.85 with targets @ 84 77.3 in extension. Alternative Scenario: Above 94.85 eye a bounce towards 98.1 and 100.6 in...
Pivot: 1.5220. Our preference: LONG positions above 1.522 with 1.5285 1.5315 in sight. Alternative scenario: The downside penetration of 1.522 will call for a slide towards...
Pivot: 0.8550. Our preference: SHORT positions below 0.855 with 0.85 0.8485 in sight. Alternative scenario: The upside penetration of 0.855 will call for 0.857 0.859. Comment:...
THE TAKEAWAY: The US Dollar continued to grind higher, seemingly deviating from pure risk on/off dynamics, as the SP 500 rebounded to take aim at the...
Pivot: 1.522 Our preference: Long positions above 1.522 with targets @ 1.5285 1.5315 in extension. Alternative scenario: Below 1.522 look for further downside with 1.5195 1.517...