Menu

USD/JPY: What Flows Dynamics Say About Price Action? – BofAML

Bank of America Merrill Lynch FX Strategy Research reiterated its view that JPY strength may be overdone and that the USD/JPY's medium-term uptrend has not ended despite the recent technical sell off through 110 where BofAML stopped out of its Read More →

USDCHF – US Dollar Recovering Well Vs Swiss Franc

Key Points

  • The US Dollar after a slide towards 1.00 against the Swiss Franc found support and recovered.
  • The USDCHF pair is now facing a major bearish trend line with resistance at 1.0080 on the hourly chart.
  • Recently in the Read More →

GBPUSD – British Pound Testing Crucial Support Vs US Dollar

Key Points

  • The British Pound after a rise towards 1.2575 against the US Dollar found resistance, and started correcting lower.
  • The GBPUSD pair is currently trading above a major support trend line at 1.2500 on the hourly chart.
  • Recently in Read More →

NZDUSD – New Zealand Broke Crucial Resistance Vs US Dollar

Key Points

  • The New Zealand Dollar surged higher recently and broke a major resistance near 0.6980.
  • The NZDUSD pair also broke a bearish trend line with resistance at 0.6950 on the hourly chart.
  • Today in New Zealand, the Business NZ Read More →