"The market should continue to have resistance above and extending all the way to the 0.73 level." - based on FX Empire )Pair's Outlook As the NZD/USD currency exchange rate rebounded against the resistance cluster below it, from 0.7163 to 0.7133, the rate surged and ended day's trading session at 0.7176. On Friday the Kiwi continues to appreciate against the Greenback, as
"The EURJPY shows instability due to the continuous negative pressures coming by the main indicators, affected by the stability of 112.50 support that blocks any new negative attack ‘'- based on economies.comPair's Outlook The common European currency fell below the first weekly support line at 112.93 on Thursday against the Japanese Yen, as the pair ended day's trading session at 112.67.
Support at 100.70 holds, meaning there is still a good chance of a rally, first up to 103 and then up to 105 yen.
A more dovish tone from the BOE pushed the price further away from 1.3350 and below 1.32, which we expected to hold.
The yellow metal continues to fluctuate just below the level of 1,365, which it reached on Monday.
The common European currency fell to 1.1126 on Thursday against the Greenback, and the pair almost touched the monthly pivot point at 1.1107.
The common European currency is in its third consecutive session of depreciation against the Japanese yen
The Aussie is appreciating against the US Dollar on Thursday after suffering minor losses on Wednesday.
The US Dollar fell against the Loonie on Wednesday, as it moved below the weekly pivot point at 1.3100 and ended day's trading session at 1.3068.
The Kiwi fell sharply on Wednesday against the US Dollar. However, the pair found support in the cluster, which was located below it.
So far support at 100.70, represented by the 2014 low and 50% retracement of the 2012-2015 up-move, is able to hold off the bearish pressure.
GBP/USD trades lower today in anticipation of the BOE's decision on the interest rate.
The yellow metal bounced off the first weekly resistance at 1,366.06 and fell to 1,357.25 on Wednesday. At the start of Thursday's trading session the bullion has fallen even more
The common European currency depreciated against the US Dollar on Wednesday, as it stopped its previous surge and dropped to 1.1149 by the end of day's trading session.
"USD/CAD May Mount Another Breakout Attempt on Further Oil Drop."-based on Daily FX Pair's Outlook The US Dollar was highly volatile against the Canadian Dollar on Tuesday, as the pair bounced between the levels of 1.3007 from the downside to a height at 1.3141. During the fluctuation, it ignored both monthly and weekly pivot points. In the first half of Wednesday's trading
"The negativity toward the US dollar is offsetting the rate cut in Australia." - Marc Chandler (based on investing.com) Pair's Outlook The Aussie ignored the Reserve Bank of Australia rate cut and moved higher against the Greenback on Tuesday, as the pair surged to 0.7611 by the end of day's trading session, and it reached 0.7638 level during the day. The rate is
The New Zealand Dollar surged on Tuesday against the US Dollar to the 0.7244 level, as some traders expect the currency exchange rate to move to the 0.73 mark.
The common European currency depreciated on Tuesday against the Japanese Yen, as the currency exchange rate fell to 113.24 by the end of day's trading session.
After a brief pause on Monday USD/JPY resumed the sell-off from 107.
Yesterday's UK construction PMI was enough of a catalyst to push the Cable out of the triangle. As a result of a positive surprise,
The yellow metal surged on Tuesday from 1,353.69 to 1,362.77, and the metal was volatile between the support level provided by the monthly PP at 1,345.31 and the first weekly resistance at 1,366.07.
The Euro surged against the US Dollar on Tuesday, as the currency exchange rate moved from 1.1162 at the start of day's trading to 1.1221 by the end of day's trading.
The New Zealand Dollar had a major surge last Friday against the US Dollar, although it did lose some of those gains on Monday, as most likely profit taking occurred
The US Dollar was recouping its previous losses against the Canadian Dollar on Monday. However, the currency exchange rate has resumed going downwards, as the Loonie gains strength on Tuesday.