Daily Forex News

Tuesday morning in Asia, the Canadian dollar showed mixed trading against its major counterparts. While the loonie gained against the yen and the greenback, it edged down against the aussie. Against the euro, the loonie showed choppy trading during this time.

Tuesday morning in Asia, the Canadian dollar showed mixed trading against its major counterparts. While the loonie gained against the yen and the greenback, it edged down against the aussie. Against the euro, the loonie showed choppy trading during this time.

Tuesday morning in Asia, the yen tumbled to a new multi-month low against the Swiss franc on mounting worries about Japan’s economy. The yen also edged lower against the currencies of US, Europe and UK.

Tuesday morning in Asia, the yen tumbled to a new multi-month low against the Swiss franc on mounting worries about Japan’s economy. The yen also edged lower against the currencies of US, Europe and UK.

USD/CAD’s retreat from 1.3063 continues today but after all, short term outlook remains bullish as long as 1.2709 support holds. Sustained trading above 1.3015 resistance will confirm medium term rally resumption and pave the way to next target of 61.8% retracement of 1.6196 to 0.9056 at 1.3469. On the downside,…

As discussed before, prior break of 0.9082 cluster resistance (38.2% retracement of 0.9799 to 0.8635 at 0.9080) affirm the case that corrective fall from 0.9799 has completed with three waves down to 0.8635 already. At this point, intraday bias remains on the upside as long as 0.9132 minor support holds….

EUR/CHF remains bounded in tight range above 1.4577 today but after all, intraday bias remains on the downside as long as 1.4724 minor resistance holds. Further decline should be seen to next target of 61.8% projection of 1.5880 to 1.4657 from 1.5191 at 1.4435 next. On the upside, above 1.4724…

EUR/JPY rises further today but after all upside is still limited below 126.06 high. No change in outlook as consolidation between 121.72 and 126.06 might still be in progress. But after all, as mentioned before, current rally is still in favor to continue as long as 121.72 support holds. Above…

GBP/JPY dips to as low as 135.56 today but is still contained by 135.52 support. With 135.52 intact, price actions from 141.74 is treated as sideway consolidation only and another rise is still mildly in favor. As discussed before, break of 141.74 cluster resistance will bring rally resumption towards 38.2%…

No change in AUD/USD’s outlook as the pair is still bounded in range of 0.6284 and 0.6553. Note that with 0.6553 resistance intact, further decline is mildly in favor. Break of 0.6248 low will confirm that fall from 0.7267 has resumed for 0.6008 low. Meanwhile, on the upside, break of…