Daily Forex News

Thursday during early deals, the New Zealand dollar jumped to a 4-1/2 -month against the yen as the global stocks extended rally, increasing demand for higher-yielding currencies. The kiwi also climbed to a 2-1/2 -month high against the greenback, the euro and the aussie.

EUR/GBP’s strong rebound and break of 0.9306 suggests that correction from 0.9494 has completed at 0.9156, above mentioned 0.9144 support. Intraday bias is flipped back to the upside for 0.9518 resistance first. Break will bring stronger rally to retest 0.9799 high. On the downside while another fall cannot be ruled…

EUR/CHF recovers mildly after dipping to 1.5183. Intraday bias is turned neutral with 4 hours MACD turning up. Break of 1.5290 will argue that pull back from 1.5446 has completed and will flip intraday bias back to the upside for retesting this resistance. Break will target 1.5880 key medium term…

EUR/JPY recovers mildly today but after all it’s still limited below 134.50. An intraday top is in place after hitting 38.2% retracement of 169.96 to 112.10 at 134.20. Intraday outlook remains neutral for the moment and another fall might be seen to 4 hour 55 EMA (now at 129.91) and…

GBP/JPY recovers mildly but is still limited below 145.07. Retreat from there continue with another fall to 4 hours 55 EMA (now at 139.98) but downside should be contained above 134.94 support and bring rally resumption. Current rise from 131.43, which is treated as third leg of correction from 118.18,…

AUD/USD’s consolidation from 0.7091 is still in progress and another retreat might be seen to 4 hours 55 EMA (now at 0.6825). Nevertheless, downside should be contained above 0.6564 support and bring rally resumption. Current rise from 0.6248, which is treated as part of consolidation from 0.6008, is still expected…

At this moment, USD/CAD is still bounded in range above 1.2191 as consolidation from there continues. Intraday outlook remains neutral and further sideway trading could be seen above 1.2191. But after all, note that fall from 1.3063 is still in favor to continue as long as 1.2504 minor resistance holds….

EUR/USD’s recovery from 1.3417 is so far mild and is still limited below 1.3737 resistance. Tough, intraday bias is mildly on the upside for this resistance first and break will bring rally resumption to next key resistance zone of 1.3822 and 61.8% retracement of 1.4719 to 1.2456 at 1.3855. On…

GBP/USD’s consolidation from 1.4778 is still in progress. Intraday outlook remains neutral at this point and deeper pull back to 4 hours 55 EMA (now at 1.4403) could be seen. However, note that rise from 1.3654 is still expected to continue as long as 1.4230 cluster support holds. Such rise…

USD/JPY recovers after drawing support from 4 hours 55 EMA but after all it’s still staying in tight range below 98.55. Intraday outlook remains neutral and further consolidation cannot be ruled out. However, note that rise from 93.53 is still expected to continue as long as 96.57 minor support holds….