7 years ago admin

USDCAD, GBP/USD: Close To Topping Out; Levels & Targets – Citi

CitiFX Technical Strategy Research notes that GBP/USD seems to be following a similar path to the price action seen in Feb-June and July-Oct 2016.

As such, Citi argues that any rally looks likely to struggle in the 1.2775-1.2800 area Read More →

7 years ago admin

AUDNZD – Aussie Dollar Facing Uphill Task Vs Kiwi Dollar

Key Points

The Aussie dollar after trading as low as 1.0823 against the Kiwi dollar found support.
The AUDNZD pair is currently recovering, but likely to face sellers near 1.0890 and two bearish trend lines on the hourly chart.
Today, Read More →

7 years ago admin

Canadian headline inflation for February came in at 2.0% y-o-y slightly lower than in January, notes Nomura Research.

In that regard, Nomura argues that while the relative stability in the core measures suggests that underlying inflation could be Read More →

7 years ago admin

Key Points

The Euro moved down this week against the British Pound and traded as low as 0.8605.
The EURGBP pair is currently recovering, but likely to face sellers near 0.8640 and a broken support trend line on the hourly Read More →

7 years ago admin

Key Points

The Euro moved higher and settled above the 1.4100 resistance against the Aussie dollar.
There is a nice connecting bullish trend line with support at 1.4100 formed on the hourly chart of EURAUD.
Today in the Euro Zone, Read More →