EURUSD’s upside movement from 1.0766 extended to as high as 1.1153. Further rise is still possible and next target would be at 1.1200 area. Support is at 1.1080, a breakdown below this level could bring the price back towards the trend line.

GBPUSD extended its upside movement from 1.2073 to as high as 1.2525. Further rise is still possible and next target would be at 1.2600 area. Near term support is at 1.2430, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

AUDUSD extended its upside movement from 0.6401 to as high as 0.6812. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.6900 area. Near term support is at 0.6730, a breakdown below this level could … Continue reading “AUDUSD Daily Analysis – June 2, 2020”

USDJPY moved sideways in a trading range between 106.74 and 108.08. As long as 106.74 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.98, and another rise towards 109.00 could be expected after the consolidation. Key support is at 106.74, a breakdown below this level could take the price … Continue reading “USDJPY Daily Analysis – June 2, 2020”

USDCAD extended its downside movement from 1.4048 to as low as 1.3544. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.3400 area. Near term resistance is at 1.3630, a breakout of this level could … Continue reading “USDCAD Daily Analysis – June 2, 2020”

USDJPY remains in the uptrend from 105.98, the price action from 107.76 is likely consolidation for the uptrend, and further rise to 109.00 area is possible after the consolidation. Key support is at 106.74, only a breakdown below this level could trigger another fall towards 106.00.

USDCAD’s downside movement from 1.4048 extended to as low as 1.3698. Further decline is still possible and next target would be at 1.3600 area. Resistance is at 1.3831, only break above this level could trigger another rise towards the falling trend line on the 4-hour chart.

After consolidation, AUDUSD broke above 0.6680 resistance and extended its upside movement from 0.6401 to as high as 0.6742. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.6850 area. Key support is at 0.6567, … Continue reading “AUDUSD Daily Analysis – June 1, 2020”

EURUSD extended its upside movement from 1.0766 to as high as 1.1145. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1200 area. Near term support is at 1.1080, a breakdown below this level could … Continue reading “EURUSD Daily Analysis – June 1, 2020”

GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2073. Further rise could be expected and next target would be at 1.2500 area. Near term support is at 1.2330, a breakdown below this level could bring the price back towards the trend line.