Author: FX Tech Strategy

AUDUSD: The pair is following through higher on its Friday gains and testing its resistance located at the 1.0399 level, its Sept 16’2011 high. AUDUSD had embarked on a corrective recovery following a temporary bottom set...

EURUSD: Although the pair closed marginally higher the past week, EUR continues to hold on to its recovery tone set from the 1.3144 level. This leaves scope for further strength towards the 1.3937 level, its Sept 15’2011...

USDCHF: With USDCHF breaking and holding below key support at the 0.8928/18 zone to close the week lower, further price extension is expected towards the 0.8706 level in new week. The pair has been under intense bear pressure...

EURJPY: Hesitating But Still Biased To Upside On CorrectionEURJPY- While the cross continues to hold above the 104.95 level, its Sept 27’2011 high, risk remains higher towards its Monday high at 107.67 level. A convincing...

GBPUSD: With GBP reversing its intra day losses to close marginally higher on Thursday and following through higher in early trading today, risk is building up towards the 1.5850/63 levels, its Sept 15’2011/Oct...

USDJPY: The pair continues to trade within its established sideways trading range (77.85-75.92) but maintains a downside bias towards the 75.92 level. To prevent a return to that level, USDJPY has to overcome the 77.85 level and...

EURGBP- Price failure ahead of the 0.8794 level, its Sept 21’2011 high has seen the cross reversing its intra day gains to close lower on Wednesday. It is presently facing price hesitation. There are two scenarios building...

EURUSD: The pair has settled into a consolidation after reversing most of intra gains to close slightly higher on Wednesday. However, risk still remains to the upside towards the 1.3913/37 levels, its Oct 17’/Sept...