TECHNICAL ANALYSIS So long as price breaks and closes beneath current support at around 8400, I believe we will see continuation down to the 8000 magnet number FUNDAMENTAL ANALYSIS Relatively quiet week ahead for the USD and it’s with that in mind I believe in bearish continuation with this pair. Path of least resistance is…
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TECHNICAL ANALYSIS A break and close above key 141 resistance open up the door for a push higher. Little in the way of meaningful resistance up to 144. FUNDAMENTAL ANALYSIS Positive UK election polls favor Tory majority which in turn should favor a strong pound. China-US trade is “RISK ON”. Weaker JPY to prevail
The AUD/NZD pair hits previous daily highs and shows strong signs of rejection. This comes at the same time as price hitting the ascending channel limit. From this stage on, our bias is that price could very well continue bearish throughout the week ahead. We will be targeting the 1.07000 level as our level of…
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TECHNICAL ANALYSIS Price continues to fail against the 1512-1515 resistance zone and even with the assistance of poor data from the US has shown no evidence of a breakout. I would be on the side of the bears this week targeting previous lows at 1485.00 FUNDAMENTAL ANALYSIS FOMC last week cut rates by 0.25% in…
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TECHNICAL ANALYSIS Consolidation with an uptrend bias likely as the higher lows on pull back continue. We are likely to put in a further challenge to the 140.75 resistance. A break and a close above paths the way to 143.50. Although maybe not this week! FUNDAMENTAL ANALYSIS With no deal Brexit off the table (for…
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