Still looking to add on to the existing short-positions on every up-tick towards 1.5240-50 resistance area. Below 1.5100 mark, GBPUSD could easily drop back to 1.5000 psychological mark support. Additional near-term weakness to kick-in once it ...

Cable Update (GBPUSD)

Longs initiated; aiming for 0.6880 above which NZDUSD could easily surpass 0.7000 mark and head towards 0.7170-80 resistance area.

NZD/USD

As expected, NZDUSD rebounds back from immediate support region, but is yet to conquer an important resistance near 0.6770-80 area.

NZD/USD

Fails to conquer 0.6770-80 resistance. Below Thursday's low (0.6710), NZDUSD could drift to 66.70-50 support region, which could potentially be an opportunity to initiate fresh long positions. would maintain a tight SL below 0.6600 mark for my long ...

NZD/USD

Would rather wait to see if AUDNZD is able to hold 1.0700 mark support or not. If breaks below decisively, 1.0600 seems given with near-term possibilities of further near-term downward trajectory, possibly towards 1.0325-1.0300 support zone.

AUDNZD

EURCAD bullish momentum should continue once it pierces through 1.5000 psychological mark. 1.4750 still remains immediate support.

EUR/CAD

0.9900 mark tested. And now if clears 0.9950-60 could easily pop-up another 100-pips to test Jan. 2015 high levels.

AUDCAD

waiting for NZDUSD to clear 0.6770-80 resistance for an immediate up-move towards 200-day SMA region (0.6885-90) before the pair attempts for an additional up-move towards 0.7000 mark.

NZD/USD

The pair seems to be on the verge of a major break-down. Below 2.2300 mark, the pair could easily drop to 2.1900 mark before heading towards 2.1600 mark support. Shorting the pair aggressively, utilised the bounce towards 2.2500 to initiate fresh ...

GBP/NZD... this Pair is Amazing!

AUDCAD unable to build on to the momentum. Strength above 0.9800 mark would confirm move towards 0.9900 next resistance. Weakness below 0.9750 to find support near 0.9650 ahead of the very important support near 0.9600 mark. Weakness below 0.9600 ...

AUDCAD

The ongoing momentum could easily lift the pair towards 1.4960-70 resistance, ahead of the very important 1.5000 psychological mark. Keeping a tight stop at 1.4750 level, below which it could drift back to sub-1.4600 mark.

EUR/CAD

Keeping a close eye on AUDUSD weakness below 0.7200 mark. Sustained break below should immediately aim towards 0.7130 before heading to test 0.7070-60 important support. Need to take-out immediate resistance near 0.7250 for any chances of reclaiming ...

AUD/USD

Loonie momentum is strong enough to lift the pair towards its next major resistance near 1.3650-1.3700 area.

USD/CAD

Closely watching EURUSD 1.0500 mark and March lows ahead of ECB. Break below these important levels should continue exerting pressure on the pair and drag it to 1.0200 mark in the near-term.

EURUSD

What's up next for GBPUSD? Waiting for today's PMI figure to be released. The pair could either break or bounce off the current support levels just to give traders an opportunity to initiate fresh short positions.

Cable Update (GBPUSD)

Approaching USDCHF cautiously since it is trading close to its immediate support near 1.0230 level, which if broken might trigger a an immediate fall towards 1.0150-40 support area. Would be aggressively bullish if it manages to sustain its strength ...

USD/CHF

yes indeed, GBPUSD might be headed lower and test 1.4930 support area. On a decisive break below 1.4900 mark, I could see it dropping back towards 1.4750-40 strong support tested earlier during the first quarter of 2015.

Cable Update (GBPUSD)

Fresh EURUSD shorts might now emerge only below 1.0580 level, which could drag the pair towards 1.0500 mark support.

EURUSD

Would rather be sceptic of any further up-move for USDJPY beyond 123.20-25 resistance. 123.60-70 strong resistance to follow. Weakness below 122.80 to again expose 122.40-35 support area, which if broken decisively sets the stage for a drop towards ...

USD/JPY Discussion

GBPUSD momentarily drops below 1.5000 psychological mark. Any recovery might now be restricted at 1.5045-50 area. Should continue drifting lower to test 1.4940-35 support area.

Cable Update (GBPUSD)