USDCHF Analysis. As expected, USDCHF formed a cycle bottom at 0.9932 level on 4-hour chart and the bounce extended to as high as 1.0170 level. Further rally is still possible later today and target would be at...
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AUDUSD Analysis. After breaking above 0.9404 (2009 high) resistance, AUDUSD pulled back from 0.9457, suggesting minor consolidation of uptrend from 0.8771 is underway. Support is at the lower border of the rising price channel on 4-hour chart,...
AUDUSD Analysis. AUDUSD broke above 0.9404 (2009 high) and reached as high as 0.9457 level. Minor consolidation of uptrend would more likely be seen in a couple of days. Support is at the uptrend line on 4-hour...
AUDUSD Analysis. AUDUSD’s upward movement from 0.8771 extended to as high as 0.9361. Support is at 0.9260, as long as this level holds, uptrend is expected to continue, and next target would be at 0.9400 area. On...
USDCHF Analysis. USDCHF broke above the downtrend line from 1.0624 to 1.0450, suggesting lengthier consolidation of downtrend is underway. Range trading between 1.0060 and 1.0350 would more likely be seen in next several days. Key support is...
EURUSD Analysis. EURUSD trades in a narrow range above 1.2659, a breakdown below this level will indicate that the downtrend from 1.2917 has resumed, then another fall towards 1.2587 previous low could be seen. Resistance is at...
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USDCHF Analysis. USDCHF stays below the falling trend line from 1.0624 to 1.0450 and remains in downtrend, the bounce from 1.0064 is treated as consolidation of downtrend. As long as the trend line resistance holds, downtrend is...
GBPUSD Analysis. GBPUSD continues its downward movement from 1.5997 and the fall extended to as low as 1.5296 level. Key resistance is now at 1.5488, as long as this level holds, downtrend is expected to continue and...
