Author: FX Tech Strategy

USDJPY: Vulnerability to the downside continues to be seen but USDJPY will have to break and hold below the 76.57 level to convince the market it has ended its upside offensive. If this occurs, the 75.57 level, its...

EURJPY-The cross is weakening for a third day in a row after failing at the 105.04 level on correction. This suggests the cross should resume its downside pressure. This view remains valid as long as EURJPY continues to hold and...

EURUSD: With a third day of weakness now underway, EUR could be preparing to return to the 1.3258 level, its Nov 30’2011 low. As long as the 1.3547/1.3611 zone continues to hold as resistance this view remains valid....

AUDUSD: With a reversal of almost all of its two-day weakness now underway, pressure is building up towards the 1.0330 Level, its Nov 30’2011 high. A cut through here will leave the pair targeting the 1.0444 level, its Nov...

EURUSD: Price hesitation may have set in but vulnerability to the downside remains as long as the 1.3547/1.3611 zone continues to hold as resistance. This will create scope for an eventual return to the 1.3212 level, its Nov...

USDCAD: With a strong sell off seeing the pair reversing its previous week gains to close lower the past week, further bear threats cannot be ruled out in the new week. Immediate downside comes in at the 1.0078 level, its last...

USDJPY: The pair has almost wiped out its two week gains and is setting up to recapture the 78.27 level, its Nov 29’2011 high. However, the big challenge will be a test and violation of the 79.49 level, its Oct 2011 high....

AUDUSD: With a reversal of almost half of its corrective weakness started from the 1.0749 level seen following a strong rallying the past week, there is risk of further bullish build up in the new week. This will leave the pair...