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• USDCAD: Collapses, Halts Upside Offensive
  USDCAD: The pair ended the week lower after an attempt on the upside failed the past week and pushed USDCAD to a low of 1.0384 on Friday. With that said, we think a follow through lower should see the …
• Weekly Technical Update: Greenback Weakened Post Non-Farm Payroll
  The USD was in consolidation/ correction mode this week ahead of the NFP. This is in a sense the market's way of paring some overextended USD gains, but also offers a chance for the market to con …
• USDJPY: Retains Its Broader Downside Bias
  USDJPY: The pair continues to retain its broader downside bias as it looks to recapture its YTD low at 83.58 despite its price hesitation. A breach of there will open the door for more downside toward …
• EUR/GBP Developing a Double Top; Reward to Risk Assessment
  The daily chart shows the EUR/GBP going up against a declining trendline. The market is reacting by pausing the rally at 50% retracement, 0.8350 level. Note the RSI is remaining under 60 for now and i …
• FX Thoughts for the Day
  Cable has been moving in a small range of 1.5350-450 and may move within the same region till the US session today. Later today, or in the coming days, we expect the pair to move down towards the Supp …
• AUDUSD: Maintains Above The 0.9078 Level
  The pair remains biased to the upside having held firmly above the 0.9078 level. This has created scope for more upside towards the 0.9219 level. While this level may present a considerable resistance …