| The market is quiet to start the US session for March 5. What are the technical bias, the risk and the targets for the major currency pairs. |
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NZDUSD falls to support and consolidates. Sets up the battle for control next week.
2024-01-19
NZDUSD consolidates near strong support at 0.6071 to 0.60897, setting the stage for a crucial week ahead.
The AUDUSD is waging a battle between support and resistance targets. What next?
2024-01-18
A swing level and the 100-day MA is support. The 50% and the 200-day MA is resistance above.
EURUSD bounces off the 200 day MA. Buyers and sellers continue to battle
2024-01-17
The EURUSD dipped to a new low in the early NY session but did hold the support at the 200 day MA. On the topside, swing area resistance is between 1.08788 and 1.0894.
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2024-01-12
Despite closing the week with a bearish bias, the AUDUSD shows potential for a reversal as it hovers near key support and resistance levels. Traders should watch for a breakout above the swing level at 0.6738 or a breakdown below the swing area at 0.6676 for further confirmation of direction.
AUDUSD corrects off of the low and tests an old floor from the week.
2024-01-11
Will sellers hold? AUDUSD corrects off low, retesting key resistance level.
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