Author: FX Tech Strategy

EURUSD: The pair will have to break and hold above the 1.3233 level, its Jan 27’2012 high to prevent a return to the 1.3025 level, its Feb 01’2012 low. If the latter occurs, EUR will decline further towards the...

AUDUSD: The pair is on a bullish offensive breaking through its minor resistance levels at 1.0680/87 to pave the way for a push further higher towards the 1.0749 level, its Oct 27’2011 high. On continued upside momentum,...

USDCAD: While USDCAD is trying to stage a recovery having held above the 1.0000 level, its big psycho level and its Tuesday low at 0.9964 level, it still remains susceptible. This will leave the pair targeting the 0.9890 level,...

USDJPY: With USDJPY decisively violating its key support at the 76.54 level, risk of further declines is very high. This technical development now leaves the pair aiming at the 75.57 level, its Oct 30’2011 low where a...

GBPUSD: Having reversed its Monday losses in early trading today on a strong rally, the 1.5770 level, its Dec 21’2011 high looks to be taken out. That level is very significant to GBP’s continued recovery which was...

USDCHF: Although the pair is now seen hesitating, it continues to maintain its downside bias nearer term suggesting trend continuation should follow. In such a case, the 0.9063/75 level, its Nov 30’2011 low/.50 Fib Ret...

USDJPY: The pair faces the risk of recapturing its key support at the 76.57 level as it reversed its early gains the past week and poised to to weaken further in the new week. A clearance of there will turn focus to the 75.57...

GBPUSD: With a follow-through higher on the back of its previous week seen at the end of last week, GBP is now set to strength further into the new week. In such a case, the 1.5770 level, its Dec 21’2011 high will be...