Author: FX Tech Strategy

EURUSD: With hammer-like candle formation driving EUR higher to close higher the past week, the risk is for further strength to occur. Though presently seen hesitating, most of its last week gains are still in place suggesting...

USDJPY: The pair has backed off higher prices and turned lower the past week, leaving the risk of further weakness on the cards. Unless it returns above the 80.59 level, we should see further weakness towards the 78.78 level. A...

AUDUSD: The pair has resumed its short term uptrend after reversing its previous week losses at the end of the week. This development now leaves the pair targeting further uptrend towards its May 03’2012 high at 1.0325. A...

USDCHF: With the pair backing off higher prices at 0.9675 level to close lower the past week, we could see further weakness in the new week. However, we expect such weakness to be capped by the 0.9421 level, its Jun...

EURUSD: With the pair reversing its four-day weakness and threatening further upside momentum, the risk is for EUR to recapture its key resistance. This is coming on the back of a strong rally during Friday trading session,...

AUDUSD: With a sharp rally seeing AUDUSD reversing its Thursday weakness, there is risk of a return to the 1. 0222/42 levels. This if it occurs will resume its short term uptrend towards its May 03’2012 high at 1.0325. A...

USDCHF: With the pair continuing to hold on to its bullish tone, the risk is for a recapture of its May 2012 high at 0.9768 level to occur. A decisive break and hold above here will resume its medium term uptrend initiated from...

USDJPY: Bear threats continue to be seen as a reversal of its one-day gain is now underway. On continued declines, the 78.61 level will come in as the next downside objective. Below here will reverse its recovery tone to...