AUDUSD: Turns Higher On Strength
AUDUSD: With the pair halting its weakness and strengthening, more gain is envisaged. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that level if seen will set the stage for a run at the 0.7550 level. A cut through here should target further downside towards the 0.7500 level. On the upside, resistance lies at the 0.7800 level. A cut through here will turn attention to the 0.7850 level and then…Continue
EURUSD: Closes Flat With Eyes On The Upside
EURUSD: With EUR closing flat the past week, it faces the risk of a move higher in the new week. Resistance is seen at the 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1.1200 level. Conversely, support lies at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will aim at the 1.0850…Continue
USDCHF: Pulls Back, Loses Upside Momentum.
USDCHF: Price weakness saw USDCHF declining the past week with risk of more weakness on the cards. Resistance resides at the 0.9500 level with a breach targeting the 0.9550 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9600 level. Conversely, on the downside, support comes in at the 0.9400 level. A turn below here will open the door for more weakness to occur towards the 0.9350…Continue
USDJPY: Sets Up To Correct Lower
USDJPY: Having capped its strength at the 124.45 level to close marginally higher on a rejection candle on Thursday, further weakness is expected. On the upside, resistance resides at the 124.50 level with a turn above here aiming at the 125.00 level. A break will target the 125.50 level. Further out, resistance comes in at the 126.00 level where a violation will aim at the 126.50 level. Its daily RSI is bullish and pointing higher supporting this…Continue