Author: FX Tech Strategy

EURUSD: With a strong sell off seeing EUR weakening and reversing its previous week gains at the end of the week, further declines should follow. This will set the stage for further weakness towards the 1.2149 level, its Jun...

USDCHF: With the pair reversing its previous week losses and triggering a resumption of its medium term uptrend, the risk is for USDCHF to target further upside. Further out, on continued strength the pair will aim at the 0.9850...

EURGBP- With a strong sell off seeing EURGBP extending its downside on Friday and pushing through its key support at the 0.7949 level, its May 16’2012 low, there is likelihood of further declines in the days ahead. This if...

AUDUSD: Though hesitating, AUDUSD continues to be biased to the upside short term while holding above its key support at the 1. 0222 level. Risk remains towards its May 03’2012 high at 1.0325 where a cap could occur and...

USDCHF: Despite USDCHF’s price hesitation, its broader medium term bias continues to point higher. While holding above the 0.9421 level, the bias remains higher for a return above the 0.9671 level. This will turn risk to...

EURUSD: Except we see EUR return below the 1.2407 level, our bias continues to point to the upside towards the 1.2748 level despite its present price hesitation. A break will annul its broader downside threats and pave the way...

AUDUSD: With AUDUSD now holding above its key resistance at the 1. 0222 level, there is risk of further upside gains towards its May 03’2012 high at 1.0325. A cap could occur here and possibly turn the pair lower but if...

EURJPY- The cross is now trapped in consolidation between the 101.59 level and the 98.31 level. EURJPY will have to break and hold above the 101.59 level trigger its upside recovery. This will create scope for a run at the...

GBPUSD: With GBP reversing most of its previous week losses to close the week higher, further upside risk is expected despite its present price hesitation. Further out, resistance stands at the 1.5774 level where a violation...