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EURUSD Breaks Down Below Consolidation Range

EURUSD breaks down below consolidation range as it eyes further weakness. Further down, support comes in at the 1.1100 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at

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USDJPY Remains Vulnerable With Eyes On Lower Prices

USDJPY remains vulnerable with eyes on lower prices in the days ahead. On the upside, resistance comes in at 105.50 level. Above this level will turn attention to the 106.00 level. Further out, we expect a possible move towards the 106.50 level. A cut through here will open the door for more gain towards the 107.00. On the downside, support comes in at

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CRUDE OIL: Recovery Threat Eyes 56.01 Zone

CRUDE OIL recovery threats eyes 56.01 zone as the commodity looks to extend gain. Support lies at the 54.00 level where a break will expose the 53.50 level. A cut through here will set the stage for a run at the 53.00 level. Further down, support comes in at the 52.50. On the upside, resistance resides at the 55.50 levels. Further out, resistance

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EURUSD Weakness Remains On Bear Pressure

EURUSD weakness remain on bear pressure following its past week price action. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further

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USDCHF Price Weakness Remains Intact

USDCHF faces risk of more weakness as it sold off the past week. Resistance resides at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance comes in at the 0.9900 level. On the downside, support is seen at the 0.9700 level with a turn below here opening the door for more decline towards

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AUDUSD Risk Remains Higher On More Correction

AUDUSD risk remains higher on more correction following a hold on to its recent gain. On the upside, resistance lies at the 1.6850 level. A cut through here will turn attention to the 0.6900 level and then the 0.6950 level where a violation will set the stage for a retarget of the 0.7000 level. Support resides at the 0.6700 level where a breach

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USDJPY Hesitates But With Upside Bias

USDJPY hesitates but with upside bias on correction in the days ahead. On the upside, resistance comes in at 106.50 level. Above this level will turn attention to the 107.00 level. Further out, we expect a possible move towards the 107.50 level. A cut through here will open the door for more gain towards the 108.00. On the downside, support comes in at

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USDCAD Strengthens On Further Price Rally

USDCAD strengthens on further price rally following its Tuesday gain. This development leaves risk of more gain on the cards. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. Further down, support comes in at the 1.3150 level. Conversely, resistance lies

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