AUD/USD Rebound Reaching Crucial Juncture

Key Highlights The Aussie Dollar tested the 0.7000 support and rebounded nicely against the US Dollar. AUD/USD traded above a major bearish trend line at 0.7046 on the 4-hour chart. The US CPI in Feb 2019 increased 1.5% (YoY), less than the 1.6% forecast. The US Durable Goods Orders for Jan 2019 will be released today, which could decline 0.5% (MoM). AUDUSD Tec...
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GBP/USD Upside Break Above 1.3100 Looks Real

Key Highlights The British Pound rallied recently after trading as low as 1.2960 against the US Dollar. A crucial bearish trend line was breached with resistance at 1.3120 on the 4-hours chart of GBP/USD. The US Retail Sales in Jan 2019 increased 0.2% (MoM), compared with the last decline of 1.6%. The US Consumer Price Index for Feb 2019 will be released today, wh...
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AUD/USD Remains At Risk Of More Declines

Key Highlights The Aussie Dollar declined heavily after it failed to surpass the 0.7300 resistance against the US Dollar. There was a break below a crucial triangle support at 0.7210 on the 4-hours chart of AUD/USD. The NFIB Business Optimism Index in Jan 2019 declined from 104.4 to 101.2. Today in the US, the CPI figure for Jan 2019 will be released, which could ...
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EUR/USD Remains Supported Above 1.1420

Key Highlights The Euro traded towards 1.1570 and later corrected lower against the US Dollar. There was a break below a major bullish trend line with support at 1.1510 on the 4-hours chart of EUR/USD. The US CPI in Dec 2018 declined 0.1% (MoM), similar to the market forecast. The Euro Area Industrial Production for Nov 2018 will be released today, which could dec...
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USD/JPY Facing Significant Hurdles Near 108.80

Key Highlights The US Dollar recovered recently and moved above 107.20 against the Japanese Yen. There is a crucial bearish trend line formed with resistance at 108.45 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 05, 2018 declined from 233K (revised) to 216K. The US Consumer Price Index for Dec 2018 will be released today,...
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GBP/JPY Could Struggle To Surpass 143.50

Key Highlights The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen. There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY. The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast. Today, the US Consumer Price Index for Nov 2018 will be released,...
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EUR/JPY Could Extend Slides Below 129.50

Key Highlights The Euro declined recently and broke the 130.80 support against the Japanese Yen. There is a major bearish trend line in place with resistance at 130.60 on the 4-hours chart of EUR/JPY. Recently in Japan, the Machinery New Orders posted a growth of 6.8% in August 2018 (MoM). Today, the US Consumer Price Index for Sep 2018 will be released, which is ...
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EUR/USD Tumbles Below 1.1400, 1.1300 Next?

Key Highlights The Euro fell sharply recently and broke the 1.1440 and 1.1400 support levels against the US Dollar. There is a major bearish trend line forming with resistance at 1.1500 on the 4-hours chart of EUR/USD. The US CPI in July 2018 increased 0.2% (MoM), similar to the forecast and more than the last +0.1%. The yearly change came in at +2.9%, less than t...
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USD/JPY Holding Important Support Above 110.50

Key Highlights The US Dollar found support near the 110.50-70 zone against the Japanese Yen. There is a crucial bearish trend line forming with resistance at 111.25 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending August 04, 2018 declined from 219K to 213K. The US Consumer Price Index for July 2018 will be released today, which is...
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USD/JPY Surged Above 112.00, More Gains Seem Likely

Key Highlights The US Dollar surged higher this week and broke the 111.40 resistance against the Japanese Yen. There is a crucial bullish trend line formed with support at 111.20 on the daily chart of USD/JPY. The US CPI in June 2018 increased 0.1%, less than the forecast of +0.2%. Today in the US, the PPI figure for June 2018 will be released, which is forecasted...
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