Daily Forex News

Despite falling from 1.0145 to 1.0047 yesterday, as support at 1.0033-35 has continued to hold, suggesting further consolidation would be seen and another bounce to 1.0145 cannot be ruled out, however, renewed selling interest should emerge below resistance at 1.0189-96 (previous resistance and current level of the flat ground Ichimoku…

GBP/USD’s rally resumes by taking out 1.6481 and at this point, intraday bias remains on the upside for a test on 1.7043 resistance. On the downside, below 1.6751 will turn intraday bias neutral and bring some consolidations but another rise is still in favor as long as 1.6516 support holds….

No change in USD/CHF’s outlook despite the volatility. Intraday bias remains remains mildly on the downside and further fall should be seen to 1.0032/34 support first. Break there will confirm that medium term decline in USD/CHF has resumed for parity first and then 0.9634 key support. On the upside, however,…

USD/JPY’s fall resumes by taking out 89.28 and reaches as low as 88.74 so far. Intraday bias remains on the downside and current fall from 92.31 is expected to extend to 88.00 low first. Break will target a test on key support of 87.12 low. On the upside, above 89.69…

Intraday bias in USD/CAD remains neutral for the moment and sideway trading from 1.0416 might still continue. Nevertheless, with 1.0593 resistance intact, fall from 1.0851 is still in favor to continue. Below 1.0416 will target a test on 1.0205 low. On the upside, though, break of 1.0593 support turned resistance…

Despite yesterday’s brief retreat to 1.4880, as euro has risen again from there to 1.5017 in New York session, suggesting the rise from 1.4626 would resume for retest of 1.5049 and later recent high at 1.5064, however, break there is needed to confirm resumption of medium term uptrend and extend…

Although the greenback dropped below 89.18 support and fell to 88.75 yesterday, loss of near term downward momentum should prevent sharp fall below 88.50 and reckon the decline from 92.33 would be limited to recent support at 88.01, this level is likely to hold on first testing and bring a…

The British pound has risen again yesterday on dollar’s selloff across the board and cable is testing the flat ground Ichimoku cloud top (now at 1.6831) and a weekly close above there would confirm the upmove from this year’s low at 1.3500 has resumed and bring retest of 1.7044, then…

As the greenback has remained under pressure, suggesting a retest of recent low at 1.0033 is under way and a break there would confirm medium term downtrend from 1.2298 has resumed and extend weakness to 0.9924 (61.8% projection of 1.1026 to 1.0170 measuring from 1.0453), however, we still reckon price…

AUD/USD surges further to as high as 0.9404 before retreating mildly. While upside momentum is diminishing a bit, there is no clear indication of topping yet. Further rise could still be seen as long as 0.9209 support holds. Next target will be 100% projection of 0.6284 to 0.8262 from 0.7702…