AUDUSD: A return to the 1.0246/24 level could be building up as continued weakness is seen. As long as the pair continues to trade below its key resistance at the 1.0456 level, this view remains valid. A violation of the mentioned zone will call for more weakness towards its psycho level at 1.0200..
CRUDE OIL: With Crude Oil taking out its minor resistance at 105.50 level on recovery, the risk is for further upside to build up. However, we will have to see a return above the 108.75 level to prevent the commodity from returning to the 100.00/48 levels. In such a case, the support standing at..
EURUSD: While EUR may be retaining some its recovery gains off the 1.2993 level, it is now seen selling off after running into bears around the 1.3282 region. This development could see the pair extending further weakness in the days ahead possibly towards the 1.2993 level. A cut through here will..
GBPJPY – The cross’s upside attempt is now failing and with its broader downside bias remaining intact, further decline is likely. This will turn attention to the 128.76 level with a cut through here calling for a run at the 127.08 level/the 126.53 level thereby annulling its present..
AUDUSD: With a reversal of its recent recovery gains now underway, a return to the 1.0246/24 level is building up. As long as the pair continues to trade below its key resistance at the 1.0456 level, this view remains valid. A violation of the mentioned zone will call for more weakness towards its..
EURUSD: We continue to see pressure mount on the upside as EUR holds on to its recovery tone set from the 1.2993 level. This development is now leaves EUR targeting further upside towards the 1.3387 level. The pair requires a decisive break and hold above here to end its broader weakness and turn..
US Dollar Index: With continued downside pressure seen, the Index remains vulnerable and looks to return to its key support located at 78.09 level. As long as it continues to hold below the 80.73 level, the above view remains valid with a violation of the 78.09 level turning attention to its Feb..
EURJPY- With the cross failing to follow through higher and closing lower the past week, a follow- through lower is now seen. This will leave EURJPY weakening further towards the 105.63 level followed by the 104.60 level, its April 2012 low. Further down, support lies at the 103.27 level. Its daily..
GOLD: Although Gold backed off lower prices to close higher the past week, it continues to hold on to its broader downside bias. As long as it trades and holds below the 1,679/96 levels, the risk is for the commodity to target its support located at 1,612.10. We may see a breather here but if [...]
USDJPY: Having reversed its previous week gains to close lower the past week, the risk is for USDJPY to weaken further in the days ahead. Support lies at the 80.00 level, its psycho level/Feb 28’2012 low with a violation of there calling for a move lower towards the 78.18/27 levels and..
