In This Article:
EUR/USD
The Euro continued its downslide against the dollar in the Friday’s session reaching down towards the 1.19 level as strong dollar sentiments prevailed in the market. Now, it has breached the 1.20 level, the market will continue to trade weak and go much lower perhaps towards the 1.18 level in next few session. The 1.20 level and 1.21 level will act as a strong resistance on the top. …Read More
GBP/USD
The pair dropped towards the 1.35 level on Friday as the job numbers came out from the US. It is likely that the dollar will continue to gain strength on the back of rising interest rates. Any exhaustive candles on the market will be the trigger of a selling point in the market which will pull the market further lower towards the 1.30 level. …Read More
AUD/USD
The AUD continued to chop around the 0.75 level during the Friday’s session as it was getting buyer’s interest. If this market breaks down the fresh new lows of 0.7480 level then it will be a very negative development and will pull this market down towards the 0.7250 level and much below. The 0.7550 level on the top will act as a strong resistance and will break above that level will send this market higher. …Read More
USD/JPY
The US dollar continued volatile against the Yen during the Friday’s session on the back of mixed job data from the US. The pair will continue to target the 110 level and above in the next few sessions. The market will continue to trade volatile with plenty of support underneath around the 108.50 level. …Read More
This article was originally posted on FX Empire