The greenback dropped to as low as 1.0622 last Tuesday, it is still necessary to see a break of recent low at 1.0592 to confirm the decline from 2009 high of 1.1967 has resumed and extend towards 1.0436-51 (1.618 times

As the British pound is still trading with a firm undertone, suggesting a retest of recent high of 1.6745 is under way and a daily close above 1.6650/60 would confirm upmove has resumed. Once price moves above resistance at 1.6745,

The British pound remained confined inside a narrow range and further sideways consolidation cannot be ruled out, however, as the price action from recent high of 1.8114 still looks corrective in nature, downside should be limited to 1.7448 and as

EUR/CHF retreats mildly after hitting 1.5254. With 4 hours MACD crossed below signal line, intraday outlook is turned neutral for the moment. But note that another rise is still in favor as long as 1.5142 support holds. Break of 1.5281

The single currency rose to as high as 136.11 yesterday and although price rebounded again today, as euro has retreated again after failing to break said resistance, suggesting consolidation below there would take place and correction to 134.40/50 and possibly

Although the aussie fell briefly in yesterday's New York session from 0.8260 to 0.8181, the currency pair found renewed buying interest there in line with our expectation (our long entry got a fill here at 0.8190) and once resistance at

No change in EUR/GBP's outlook. While it's staying in range below 0.8697, another rise is still in favor with 0.8546 support intact. Above 0.8697 resistance will indicate that rebound from 0.8399 has resumed and add favor to the case the

Intraday bias in EUR/JPY remains on the upside with 133.85 minor support intact and further rise is still in favor. Break of 136.87 resistance will confirm correction from 139.21 has completed with three waves down to 127.08. In such case,

Intraday outlook in GBP/JPY remains neutral for the moment and some more consolidation could probably be seen. But after all, pull back should be contained above 152.29 support and bring rally resumption. Above 157.59 will target 160.24 resistance and then

Dollar and yen recovers strongly in early US session as stocks open slightly lower on mixed earning reports. The greenback is also helped by retreat in commodity prices where Gold drops back to 940 regions and Crude oil lowed to

Intraday outlook in USD/CHF remains neutral for the moment as choppy sideway trading from 1.0622 is still in progress. Another rise cannot be ruled out but we'd continue to expect upside to be limited by 1.0816 resistance and bring fall

USD/JPY's break of 94.58 minor support indicates that an intraday top is formed and turned outlook neutral for the moment. While some retreat might be seen, note that short term outlook remains bullish as long as 93.07 support holds. Above

GBP/USD continues to struggle in sideway trading below 1.6582 and intraday outlook remains neutral at this point. Some more consolidation cannot be ruled out but after all, another rise is still in favor as long as 1.6265 support holds. Above

EUR/USD's sharp retreat from 1.4303 dragged 4 hour MACD below signal line again and indicates that an intraday top is in place. Outlook is turned neutral again. Nevertheless, another rise is still in favor as long as 1.4119 support holds.

The greenback finally retreated on active cross-buying in yen due to risk aversion as DJI opened lower, suggesting a temporary top has been formed at 95.39 and consolidation with downside bias is seen for at least a correction of recent

Despite making another marginal high of 1.4305 in European session, the single currency ran into heavy offers there and retreated sharply from there on profit-taking due to cross-unwinding in euro especially versus Japanese yen due to risk aversion and as

Despite rebounding to an intra-day high of 1.6558, the British pound has retreated after failing to retest resistance at 1.6587, suggesting further consolidation below this level would take place and another corrective decline to 1.6382 is likely, however, only break

Despite intra-day brief fall to 1.0657, the greenback found good buying interest right above yesterday’s low at 1.0653 and staged a strong rebound from there, suggesting recent decline is not ready to resume just yet and further choppy trading above

AUD/USD retreats mildly after reaching as high as 0.8337 but after all, intraday bias remains on the upside for the moment and further rally is still expected to next target of 61.8% retracement of 0.9849 to 0.6008 at 0.8382. On

Despite edging lower to 1.0749 earlier today, USD/CAD fails to sustain below 1.0784 low and recovers in early US session. Break of 1.0831 minor resistance, with mild bullish convergence conditions in 4 hours MACD and RSI, suggests that a short