USD/CAD’s rally from 1.3730 continued last week and there is no clear sign of topping yet. Initial bias stays on the upside for retesting 1.4247 high. On the downside, below 1.4096 minor support will turn intraday bias neutral and bring consolidations first. In the bigger picture, current rebound suggests that USD/CAD is still staying in […]
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EUR/USD fell further to as low as 1.1358 last week but recovered just ahead of 1.1323/53 key support zone. Initial bias stays neutral this week first. On the upside, firm break of 1.1495 resistance should Read more…
USD/JPY rebounded further to 159.02 last week but retreated since then. Initial bias remains neutral this week first. Above 159.02 will target 61.8% retracement of 163.97 to 152.87 at 159.72. However, firm break of 156.81 Read more…
GBP/USD’s fall from 1.3675 continued last week but recovered after hitting 1.3203. Initial bias is turned neutral this week or consolidations. Further fall is expected as long as 1.3334 support turned resistance holds. Below 1.3203 Read more…