Monthly archive May, 2016

Key Points

• Euro climbed higher against the US dollar during the past couple of sessions, and broke a major resistance area.
• There was a bearish trend line formed on the hourly chart of the EURUSD pair, which was broken recently.
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• Aussie Dollar climbed higher vs the US Dollar and traded close to the 0.7665 area.
• The 100 hourly simple moving average acted as a resistance and may push the AUDUSD pair down.
• There is a bullish trend line Read More →

Key Points

• British Pound rocketed higher recently against the Japanese Yen, but it may be setting up for a minor Read More →

Key Points

• New Zealand Read More →