Author: FX Tech Strategy

EURUSD: While EUR has backed off higher prices and is now vulnerable, it will have to violate the 1.2132/17 levels to signal that a resumption of its medium term weakness is underway. A violation of here will call for a move...

GBPUSD: Our outlook on GBP remains consolidative to downside as long as it trades and holds below the 1.5774/78 levels. This leaves risk of an eventual return to the 1.5457 level where a breach will set the stage for a move...

USDCAD: With the pair bearish and weakening, the broader risk is for it to decline further in the days ahead. This will leave the 0.9922 level as its immediate support where a violation will call for more declines towards the...

EURGBP- Price hesitation has set in after the cross failed to extend its corrective recovery on Tuesday. However, the cross continues to hold on to its recovery tone set from the 0.7761 level. As long as it can hold above the...

AUDUSD: While AUDUSD may be hesitating off higher prices, it continues to hold on to its short term uptrend. It was seen challenging the 1.0577 level as at the time of this analysis. A clearance of here will allow for more...

EURUSD: While EUR may be holding on to some of its corrective gains, as long as it continues to hold below the 1.2407 level, it risks downside weakness. In such a case, support lies at the 1.2132/17 levels. A violation of here...

USDCAD: With the pair closing lower the past week and following through to the downside during Monday trading session today, further price extension is likely. USDCAD is now trading slightly below the 1.0000 level, its psycho...

EURGBP- With the cross seen following through higher on the back of its last week corrective gains, the immediate risk is for it to strengthen further towards the 0.7949 level. We expect this level to reverse roles as support...

GBPUSD: With GBP taking back almost all of its previous week gains at the end of the week, the risk is for it to decline further in the new week. This will put the 1.5457 level under pressure where a breach will set the stage...