Author: FX Tech Strategy

AUDUSD: With a clearance of the 1,702 level, its Mar’2011 low seen the past week and a follow through lower now underway, further downside risk has turned to its key support located at the 0.9536 level, its Nov’2010...

US Dollar Index: Although closing marginally higher the past week following a reversal of its two-day losses from the 77.30 level, the Index continues to maintain its medium term bullishness triggered from the 72.69 level. On...

GOLD: The commodity weakened further to close lower the past week, opening up further downside risk. Though a hammer candle is now in place and triggered a mild recovery the past week, a full fledged corrective recovery is...

USDCHF: Although marginal gains were recorded the past week, the pair continues to retain its short term uptrend triggered from the 0.7068 level. While the 0.8928/18 levels continue to hold as supports, our bias on USDCHF...

EURUSD: As continued weakness saw EUR following through lower the past week, risk of further weakness in new week is likely. In such a case, the 1.3300 level will be targeted at first ahead of the 1.3245 level, its Jan...

GBPCHF: With a weekly higher close recorded the past week, the cross now looks to build up on its recovery gains triggered from the 1.1465 level in the new week. This if seen will leave the 1.4296 level, its May 22’2011...

EURGBP- The cross continues to maintain its downside vulnerability selling off sharply at the end of week and opening the door for further weakness towards the 0.8530 level, its Sept’2011 low. EURGBP has been under...

USDCAD: The pair has resumed its short term bullishness cutting through its key resistance at the 1.0384 level in early trading today and opening the door for a run to the upside. This development now leaves the 1.0508 level,...

GBPJPY – With GBPJPY reversing its Wednesday losses and triggering a resumption of its corrective recovery initiated from the 116.78 level, risk of further strength is now building up. In such a case, its Sept...

GBPUSD: The pair is now seen reversing its Wednesday losses and threatening further upside gain with risk towards its key resistance at the 1.5779 levels, its Sept 12’2011 low. This level is expected to cap gains and turn...