AUD / USD had another positive session on Monday, breaking above the crucial resistance area of ​​0.7683 / 7704, negating the small top to suggest further short-term strength, with key resistance initially seen at 0.7782, the team notes. Credit Suisse analysts. Key statements: “With a bullish ‘reversal day’ and daily MACD momentum also poised to […]
Tag: Banks
AUD / USD targets channel ceiling at 0.7762 – Commerzbank
The US dollar is under pressure on Tuesday and the pair AUD/USD continues to recover from the 0.7600 area. The Australian dollar was last seen trading 0.7726, increasing 0.27% on the day, and the next resistance is seen at 0.7762, as reported Karen Jones, Head of the Technical Analysis Research Team at Commerzbank. “AUD / […]
There is still room for higher profits – UOB
In the opinion of the currency strategists of UOB Group, the pound remains ready to extend the upward movement on the short-term horizon. 24 hour perspective: “Our expectation for the British pound to rise above 1.3760 did not materialize as it fell to 1.3680 before quickly rebounding to a high of 1.3749. The underlying tone […]
EUR / USD keeps consolidation between 1.1950 and 1.2150 unchanged – UOB
According to the currency strategists of UOB Group, it is EUR / USD likely to trade within a 1.1950-1.2150 range in the coming weeks. 24 hour perspective: “We highlighted yesterday that the rapid rise seemed to be ahead of itself and a sustained advance was unlikely. We expected the EUR to trade sideways between 1.2010 […]
Support at 1.1945 / 14 keeps euro facing resistance at 1.2088 – Credit Suisse
EUR / USD has posted a bullish “reversal day” from the 23.6% retracement of the entire 2020/2021 rally at 1.1945 / 14, Credit Suisse analysts explain. They see a short term recovery from here. Key statements: “Resistance moves to 1.2051 / 55 initially, then short-term downtrend and price resistance at 1.2088, with the 38.2% retracement […]
USD / CAD seen trading in the range 1.26-1.29 in February – Mizuho
USD / CAD opened in January at 1.2733 and reached a monthly low at 1.2590 on January 21 and a high at 1.2881 on January 28. In February, Mizuho Bank analysts expect the pair to move into the 1.26 / 1.29 range. Key statements: “Some observers say that the launch of the vaccine has been […]
USD / JPY looks for a move to 106.00
USD / JPY is forecast to advance to the 106.00 zone in the coming weeks, say the currency strategists of the UOB Group. Key Comments: 24 hour view: “We highlighted last Friday that ‘there is room for USD / JPY to extend its gains, but main resistance at 106.00 is unlikely to enter the scene.’ […]
EUR / USD has entered a consolidation phase
UOB Group currency strategists note that EUR / USD has now entered a trading range between 1.1950 and 1.2150. Key Comments: 24 hour view: “Last Friday, we highlighted that ‘the strong and rapid decline seems exaggerated, but further weakness of the EUR / USD is not ruled out.’ We added, ‘the next major support at […]
GBP / USD maintains the consolidation movement – UOB
GBP / USD still looks within the 1.3580-1.3760 range for the next few weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Last Friday we highlighted that ‘there is scope for GBP / USD to first test 1.3710 before a pullback can be expected.’ We added, ‘main resistance at 1.3760 is unlikely […]
Canada: The current soft patch in the labor market should prove temporary
The Canadian employment report for January showed a decrease in net jobs of 213,000 in January, a number below expectations. According to analysts at the National Bank of Canada, the figures reflect the impact of the new restrictions implemented to slow down COVID-19. Key statements: “The decline in employment in January, for the second in […]
