The Australian dollar resumed recent upmove to as high as 0.8214 yesterday and further gain to 0.8230/40 is underway, however, as hourly oscillators should display bearish divergence on such a move, the recent high at 0.8265 should hold on first

Yen crosses are regaining strength today following another day of rally in Asian stocks. As mentioned before, some resistance was seen in yen crosses earlier after hitting fibonacci resistance levels, in particular in EUR/JPY and GBP/JPY but the retreat was

AUD/USD's rally resumes by taking out 0.8192 and reaches as high as 0.8211 so far. At this point, intraday bias remains on the upside as long as 0.8089 minor support holds. Current rise from 0.7702 is tentatively treated as resumption

USD/CAD's fall resumes by taking out 1.0964 and edges lower to 1.0949 so far. At this point, intraday bias remain neutral considering that 4 hours MACD is staying above signal line while USD/CAD is close to key support of 1.0940.

Despite edging lower to 93.07, subsequent strong rebound and break of 93.80 minor resistance invalidated the view that recovery from 91.79 has completed. Nevertheless, outlook remains neutral as 94.87 resistance still holds. We're still favoring the case that choppy rise

USD/CHF's consolidation from 1.0622 is still in progress and some more sideway trading might be seen. But after all, upside is expected to be limited below 1.0816 resistance and bring decline resumption. Consolidation from 1.0590 should have completed already and

Despite rising to 1.1725 earlier this month, the greenback ran into heavy offers there and dropped sharply last week, forming an 'evening star' candlestick pattern on the weekly chart, suggesting the rebound from 1.0784 has ended there and recent decline

The single currency continued to trade in narrow range after early sharp rebound to 1.5383 and further sideways trading is likely to take place and although fall towards 1.5006 support (also just below the flat ground Kijun-Sen at 1.5013) cannot

GBP/USD's retreat was contained at 1.6301, above mentioned 1.6265 support and rebounds strongly. Rise from 1.5983 is possibly resuming and intraday is cautiously on the upside for the moment. Break of 1.6555 will target a retest of 1.6742 high next.

Intraday outlook in EUR/USD remains neutral for the moment and some more sideway consolidation could still be see. But downside is expected to be contained above 1.4055 support and bring rally resumption. As discussed before, consolidation from 1.4337 should have

EUR/CHF rebounds strongly after being support at 1.5142 and short term outlook remains rather mixed for the moment. On the upside, above 1.5223 will revive the case that correction from 1.5380 has completed and will target 1.5281 resistance next. On

EUR/GBP's rebound was limited below 0.8697 and retreats again. Break of 0.8632 minor support turns intraday outlook neutral again. On the downside, further break of 0.8546 support will suggest that choppy rebound from 0.8399 has completed. More importantly, this will

EUR/JPY's retreat was contained at 132.08, above mentioned 131.59 support and rebounded strongly. Rise from 127.08 is tentatively treated as resuming and break of 134.74 will target 136.87 resistance next. As discussed before, recent development suggests that correction from 139.21

GBP/JPY's retreat from 156.42 was contained by 152.37 support and rebounded strongly. Rise from 146.75 is tentatively treated as resuming. Break of 61.8% retracement of 162.56 to 146.75 at 156.52 will solidify the case that fall from 162.56 has completed

The rebound in Australian dollar from 0.7700 confirms our view that wave iv correction from 0.8265 has ended at 0.7700 and wave v is under way for retest of 0.8265, above there would extend wave v upmove to 0.8292 (1.618

After falling to 55.06 in 2008, the Australian dollar staged a strong rise from there, indicating the wave [C] from 107.88 ended there and wave [D] rise from there is taking place which is a 3-legged move with (A): 70.52,

Despite falling to 132.10 yesterday, the rebound from there turned out to be stronger than expected and as price has broken above the resistance at 134.52, suggesting the correction from 134.76 has ended at 132.10 as wave (ii) and impulsive

Despite retreating to 0.8098 yesterday, the Australian dollar has risen again on active cross-buying versus Japanese yen due to risk appetite and price rose to as high as 0.8214 yesterday before easing. This move suggests the wave (ii) from 0.8193

Yen remains weak in early US session while dollar continues to stay in tight range against most majors even though it recovers mildly. While yen crosses dominate the top movers chart, it's swissy's weakness in early US session that catches