Aussies retreat was contained above 0.8914 support last week as expected and rise from 0.8873 then resumed to as high as 0.9096. Initial bias is on the upside this week and firm break of 0.9100 will indicate that whole rise from 0.8512 has resumed. As discussed before, corrective fall from...

USD/JPY finally took out of established range and extended rebound from 104.96 to as high as 108.59 last week. Though, such rebound was limited slightly below mentioned target of 108.61/71 cluster resistance (38.2% retracement of 114.77 to 104.96 at 108.71 & 100% projection of 104.96 to 107.89 from ...

Dollar weakened generally last week on intensified worry of recession in the US economy after dovish Bernanke Testimony as well as a string of poor economy data. That was a sharp contrast to the situation down under in Australia with Aussie boosted by strong economic data and a hawkish monetary...

EUR/JPYs strong rebound from 154.05 last week argues rise that started at 152.11 is still in progress. From a short term angle, initial bias remains on the upside this week. Break of 159.46 resistance will confirm this case and encourage further rally to 100% projection of 152.11 to 159.46 from...

USD/CHFs rebound from 1.0729 was limited at 1.1105 last week, just below mentioned key near term 1.1120 cluster resistance (38.2% retracement of 1.1596 to 1.0836 at 1.1126 and 138.2% projection of 1.0836 to 1.1120 from 1.0729 at 1.1121). Subsequent fall indicates that such rebound has completed and...