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AUDNZD Testing 2014 Range Highs- 1.09 Key Resistance

Talking Points AUDNZD testing topside of 2014 consolidation pattern Weekly opening range bullish Limited event risk into the close of May AUDNZD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook AUDNZD testing key 2014 resistance 1.0882- 1.0906 Breach targets resistance objectives at 1.0946, 1.0985 & 1.1027/35 Key Read More →

Oil Carves Triple Top- AUD/NZD Sell Opportunity at 1.0900?

Talking Points: - USDOLLAR Bullish RSI Momentum at Risk as 1Q GDP Contracts - AUD/NZD Resistance in Focus Ahead of RBA Interest Rate Decision - Oil Carves Triple Top- Downside Favored on Commodity Weakness The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) continues to Read More →

GBP/USD Nears Range Support at 1.6730 after Bearish Engulfing Bar

Talking Points: - GBPUSD breaks through trendline from October 2013, February 2014 lows. - Low volatility portends to ranges; will respect recent pivot near 1.6730. - Forex economic calendar littered with US event risk next few days. The British Pound has been one of Read More →

Forex: Euro, Swiss Franc Unlikely to Find Strength in Upbeat Data

Talking Points: Swiss Franc Unlikely to Find Strength in Upbeat 1Q GDP Report Euro Sellers to be Undeterred by Drop in German Unemployment NZ Dollar Drops as Business Confidence Slump Erodes RBNZ Bets Switzerland’s GDP figures are expected to show output grew 0.6 percent Read More →

Dollar Run Cools as Liquidity Fills Out…But it Doesn’t Turn

Talking Points: Dollar Run Cools as Liquidity Fills Out…But it Doesn’t Turn Euro Struggling to Match Pace of Local Capital Markets British Pound Drops after Mixed Data, GBPUSD Faces 1.6800 Dollar Run Cools as Liquidity Fills Out…But it Doesn’t Turn The dollar is doing well Read More →

GBPUSD Scalps Selling Rallies into May Range Lows- Key Support 1.6750

Talking Points GBPUSD testing November channel support Technical reversal pattern shifts near-term focus Major event risk from US this week GBPUSD Daily Chart Chart Created Using FXCM Marketscope 2.0 Technical Outlook GBPUSD breaks below weekly opening range on outside reversal day- bearish Key support objective 1.6726/55, 1.6652/63- bullish Read More →