The cross met important resistance in the mid-121.00s on Monday, or new 3-month tops, area coincident with the late July peaks. The price can fall to the level of 119,000.
AUD/CAD has been in a declining mode since Friday, while today, it managed to fall below the key support barrier of 0.8954, thereby completing a short-term “double top” formation on the 4-hour chart
In early Asian trade on Monday, the dollar inched down to 108.36 yen against the yen, while the euro stood at $1.1025 (EUR=) versus the greenback, off Friday's three-week high of $1.10625.
The pair, which started with a bearish week, is now at support level, if the Graph breaks the 1.10130 level upwards, the target will be 1.10800.
The pair, which showed a small increase today, is now at the resistance level. If the chart breaks down 1.73800, the target will be 1.71200.
Despite the weak data, AUD/USD rose 0.17% to 0.6740, potentially set to climb for the first time in three days. That moving average has capped prices on a closing basis since September 18.
The chart saw support at 0.89600 today. After a small horizontal trend, it can rise to 0.90100.
The pair that is currently at the point of resistance may experience a decline. Thus, if the 0.62850 level breaks down, it can drop to the 0.62350 level.
Yesterday afternoon the Reserve Bank of Australia (RBA) delivered the expected 25bp cut to bring its cash rate down to 0.75%.
The Pound Sterling US Dollar (GBP/USD) exchange rate slipped and the pairing is currently trading at around $1.2298.
As you can see in Analysis, the price is now moving towards an increase. And if the resistance level at 1.63260 drops, it will hit 1.62970 when the sales trade
The CHF is usually a safe haven in times of trouble (lower USDCHF), but because of weaker than expected data out of Switzerland and some of positive technicals, the USDCHF is trading at the highest level since the beginning of June.
The pair, which started to rise in the morning, is now at the support level, if the chart breaks 1.07200 upwards, the target will be 1.07420.
The pair, which has not experienced much ascension since September 12th, is now in support. If the chart breaks up 0.83150, the Target will be 0.83700.
The pair, which fell from September, is currently trading at 0.89320, a strong support level. If the chart breaks up 0.90320, the target will be 0.91400.
AUD/NZD has been creeping lower down through the 1.07 handle as the outperformer, NZD, continues to correct and trades on the bid following Reserve Bank New Zealand governor Orr’s speech yesterday.
The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate was left muted and the pairing is currently trading at around CA$1.6541. Sterling remained steady against the Canadian Dollar on Monday as investors awaited the UK Supreme Court’s decision. Meanwhile, expectations of progress in Brexit negotiations are low. This leaves little room for disappointment if...
The euro hit a new low for 2019 against the dollar, EUR/USD falling to $1.0923 as of 6:45 AM ET (1045 GMT ). The EURUSD approached year lows and found some support as profit taking and large option levels kept the EURUSD from moving lower.