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EUR/CAD has broken the steep bear channel, a small base is completed and MACD has bottomed. Hence, we are likely to see rise to 1.5462-1.5530, possibly 1.5650-1.5750 area. Below 1.5074 to avert upside.
EUR/JPY remains in a downtrend and we have seen the latest rejection from near the bear channel top. Hence, while within the bear channel we see chances of a continued weakness to 123.57-124.44. Above the top of the bear channel to turn medium-term bullish.
AUD/USD has support at .7383 (daily pivot) and MACD is looking to trend in the positive territory. Hence, we see a rise to .7450, possibly .7494. Below .7383 to open .7334
EUR/USD has support at 1.1582 (daily pivot), bullish engulfing candle is formed on daily chart and MACD has entered positive territory. Hence, there are chances of an upside to 1.1700-1.1735. Below 1.1582 to open a deeper dip to 1.1531.
GBP/USD is moving in a bear channel and hence, if MACD fails to break the downtrend we may see a continued downside to 1.3028-1.3081, possibly below 1.3000. A break above the 1.3348 to question downside.
NOK/SEK is forming a top and MACD has entered negative area hence, we now see a deeper dip to 1.0469-1.0540 area. Above 1.0915 is needed to question downside
USD/JPY has support at 109.85 and MACD is bottoming. Hence, we see a bounce to 110.65. A break below 109.85 to open 110.53.
AUD/USD is now moving in a downtrend but MACD has diverged and there is strong support at .7160-.7268. Hence, while above there chances are for an upside towards the downtrend, possibly .7650-.7750 area.
EUR/AUD is showing intial signs of reversal with MACD bottoming and 200 Day MA acting as support. Hence, we see a rise to 1.5609, possibly 1.5771. Below 1.5340 to avert upside.
EUR/GBP support lies at .8727 but momentum is flat. Hence, we may see a bounce to the top of the recent range (.8817). Below .8727 to .8817
EUR/USD formed an (bearish) outside day pattern on Thursday, a key level at 1.1648 is broken and moving averages have started to fall. Hence, there is a high likelihood of a sharp decline to 1.1418, possibly 1.1294-1.1375. A break above the bull channel to question downside.
GBP/JPY is moving in a wide bear channel but long-term uptrend is now acting as resistance. Hence, there is greater chance of a continued downside towards 141.55, possibly 140.08. Above 146.76 to open bear channel top.
USD/JPY 200-day moving average remains flat but short-term moving averages are providing a bullish bias. Support has also been established at 109.05 and while above we may see another attack on 111.61. That said, we will need to see a break of 111.61 to confirm upside.
AUD/NZD is moving in a bear channel and MACd is entering negative area. Hence we may see some further downside to 1.0571-1.0611. Above the channel to open 1.0950-1.1050
EUR/GBP is still moving in a bear channel and there is still likelihood of a bounce to .8864-.8920. However, while within the bull channel we expect choppy moves.
EUR/NZD continues to remain weak and MACD has broken support. Hence, we still expect a dip to 1.6410. Above 1.6818 to question downside
EUR/SEK may be in process of forming a head and shoulder base but while below 10.369 we still see chances of a deeper dip to 10.08, possibly 10.000. Above 10.369 to open 10.465, possibly 10.576
GBP/CHF continues to remain weak and resistance lies at 1.3257. Hence, we see a continued downside to 1.2892-1.2983. Above 1.3250 to open upside.
USD/CHF has resistance .9935 (daily pivot) and momentum is weakening. Hence, we see a dip to .9865. Above .9935 to open .9989
AUD/CAD has met our intial target, but given that MACD has entered the positive territory and support has been established at .9780, we see a further upside to 1.0000-1.0065, possibly 1.0114-1.0241 area. Below 0.9780 to question immeditae upside.
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