NZD/USD just broke below the key support level at .8200 last week but it appears that price needs to retrace before heading any lower. On the 1-hour time frame, the 38.2% Fibonacci retracement level is close to the broken support, which might then act...

USD The US dollar had a mixed performance against its major counterparts, as currency-specific events dominated price action. In particular, remarks from central bank officials were a stronger driver of price action compared to US data and risk sentiment. ...

EUR/USD finally broke below that tight consolidation on top of a rising trend line, but it appears that a pullback could be in the cards. The pair bounced off the 1.3400 major psychological level and appears ready to retrace to the Fibs on the 1-hour...

USD The US dollar was able to get back on its feet in yesterday’s trading, as the US retail sales report printed better than expected results. Headline retail sales was up by 0.4% while core retail sales edged up by 0.2%.  This was stronger than t...

After testing .8400 resistance in the past few weeks, NZD/USD looks ready to head back to the bottom of its range, as seen on the 1-hour time frame. There’s support at the .8200 major psychological level, which has held in the past few weeks as well. ...

USD The US dollar was unable to pocket more gains, as the risk-on trading environment kept its rallies at bay. There were no reports released from the US but cautious comments from Fed officials weighed on the lower-yielding currency.  FOMC member...

AUD/USD has just come off a strong selloff and looks ready to make a pullback to the Fibonacci retracement levels marked on the 4-hour time frame. It seems that the right shoulder on the potential head and shoulders pattern is about to form if the Fib...

USD The US dollar extended its losses to its major counterparts in yesterday’s trading, despite the lack of data from the US economy.  Risk appetite was still strong, especially after China released the detailed set of economic and financial p...

EUR/GBP has sold off in the past few days but the daily time frame seems to suggest that a bounce is in the cards. The pair is currently testing the bottom of the descending channel right around the .8400 major psychological support level. Stochastic...

USD The US dollar weakened against most of its counterparts on Friday, as data from the US turned out below expectations.  The Empire State manufacturing index printed a surprise negative figure, as it slipped to -2.2 instead of rising to the estimate...