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Good day forex traders.

In the previous AUD/USD forecast we noted that the support of 1.0230 held. It remained as an immediate support followed by 1.0150. There were speculations that the Australian interest rate would remain untouched and this brought about positive sentiments.

[I]AUD/USD chart[/I]

[B]Technical Analysis[/B]

Looking at the AUD/USD daily chart above we do note that the bearish momentum has resumed. The ...

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Good day forex traders and koalas.

In the previous EUR/USD forecast we noted a weak head and shoulders pattern that may result in a bearish target of 1.3100. Fundamentally we may be facing some adverse sentiments as fresh strikes erupt in Greece against the austerity measures. This serves to remind investors that the European region is still not out of the woods yet.

[I]EUR/USD Chart[/I]

[B]Technical Analysis[/B]

Looking ...

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Good day forex traders and koalas.

In the previous AUD/USD forecast we noted a bearish momentum and the support region of 1.0230. The Australian economy seems to be entering a flat of sorts and it may be a while before we see a continued pickup.

[I]AUD/USD Chart[/I]

[B]Technical Analysis[/B]

Looking at the AUD/USD daily chart above we noted that the 1.0230 held as a support for now. I love it when my support line works! ...

[B]Simultaneous Release at
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Good day forex traders and koalas !

In the previous EUR/USD forecast I mentioned of a fundamental view by some experts that the Euro currency strength might not be due to economic factors but rather perhaps political. If indeed so, should adverse economic data surface, a substantial drop in value might be seen.

[I]EUR/USD Chart[/I]

Looking at the EUR/USD chart above, we note a tight trading range for the week. The price action remains ...