AUDUSD Price Analysis – April 22 Although gliding into a sideways market within the 0.7700 range, the AUDUSD clings to former trading zones aimlessly. Later in the session, the weekly Initial Jobless Claims report from the US Department of Labor will be scrutinized for additional catalysts. Key LevelsResistance Levels: 0.8000, 0.7850, 0.7800Support Levels: 0.7700, 0.7650, […]
AUD/USD remains bullish in the short term despite the last strong decline. It’s traded at 0.7747 level versus 0.7764 yesterday’s high. The price slips lower at the time of writing only because the US Dollar Index has rebounded a little. Today, we may have high volatility on all markets during the ECB. Also, the US […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is in a bullish moventum for the past three days. The currency pair has been rising on the upside. Buyers have broken above the moving averages. However, the uptrend is facing resistance at level 1.2600. The implication is […]
EUR/NZD is traded at 1.6746 after failing to close below an immediate downside target. The pair stands right above a strong support area. Only a valid breakdown through this zone could change the sentiment and could bring a short opportunity. The pair moves sideways in the short term, that’s why we have to wait for […]
USDCHF Price Analysis – April 20 During the first half of the European session on Wednesday, the USDCHF pair continued its downward trend, falling to seven-week lows near 0.9135 level. In the wake of USD weakness, the pair appears to be having trouble staging a meaningful rebound. As of this writing, the pair is trading […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingSince March 4, the EUR/CHF has been in a sideways move. Buyers have not been able to push the pair above level 1.1100. Each time, the market rises to level 1.1100, the currency pair will fall to level 1.1000. This […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD has resumed a strong bullish momentum. The pound rebounded above level 1.3800 and rallied above level 1.3950. The Relative Strength Index period 14 indicates that the pound is in the uptrend zone and it is approaching the overbought region. […]
GBP/CAD stands at 1.7466 level at the time of writing signaling strong buyers. Today’s aggressive rally may bring new opportunities. The price is almost to get out from a sideways movement. This scenario could announce further growth ahead. The Pound is strongly bullish in the short term and it could take full control. GBP/CAD’s decline […]
EURUSD Price Analysis – April 19 The early analysis points to a growing chance that EURUSD bursts above 1.2050 level in the new week. After the pair surged through the psychological 1.20 barrier and hit the highest since Mar 4 on Monday. Today’s action is underpinned by dropping bond yields, making the greenback less attractive. […]
