USDCAD Weekly Analysis – June 28, 2020

USDCAD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the bounce from 1.3314 could be treated as consolidation for the downtrend and further decline to 1.3000 is possible after the consolidation. On the upside, a breakout of the channel … Continue reading “USDCAD Weekly Analysis – June 28, 2020”

AUDUSD Weekly Analysis – June 28, 2020

AUDUSD stays above a rising trend line on the daily chart and remains in the uptrend from 0.5507. As long as the trend line support holds, the pullback from 0.7063 could be treated as consolidation for the uptrend and further rise to 0.7400 area is possible after the consolidation. Key support is at 0.6775, a … Continue reading “AUDUSD Weekly Analysis – June 28, 2020”

GBPUSD Weekly Analysis – June 28, 2020

GBPUSD failed to break above the falling trend line on the daily chart and pulled back from 1.2812. However, another rise to test the trend line resistance is possible, and a breakout of 1.2812 level could trigger further upside movement to 1.3350 area. Support is at 1.2073, only a breakdown below this level could bring … Continue reading “GBPUSD Weekly Analysis – June 28, 2020”

EURUSD Weekly Analysis – June 28, 2020

EURUSD remains in the uptrend from 1.0635, the pullback from 1.1422 is likely corrective consolidation for the uptrend. Another rise to test 1.1496 resistance is possible, a break of this level could take the price to 1.1800 area. Near term support is at 1.1000, only break below this level could trigger another fall towards 1.0600.

AUDUSD Daily Analysis – June 15, 2020

AUDUSD is testing that support of the rising trend line on the 4-hour chart. A breakdown below the trend line support would confirm that the upside movement from 0.6401 had completed at 0.7063 already, then the pair would find next support level at around 0.6500. However, as long as the trend line support holds, the … Continue reading “AUDUSD Daily Analysis – June 15, 2020”