EUR/USD
EURUSD rallied during the
day and slightly rose on Wednesday. It seems that the pair has
changed its trend and is making a bullish candle. On the daily chart
with the trend reversal we feel that the market will head up to
1.1295 level and once this level is cleared we can possibly reach
near to 1.14 level. With no other thought, buyers have enter into
this market and so the next daily candle will again be bullish.
GBP/USD
GBPUSD fell during the day
slicing down to 1.5258 level. The pair is in the longer term down
trend so we feel that we are still sellers in this market. The pair
will touch 1.5180 level, but after that it may reverse and buyers can
be seen in this market. If the major support of 1.5160 is broken then
we can move much down to 1.49 level. The next daily candle is
expected to change the current trend of the pair.
AUD/USD
AUDUSD fell during the day
on Wednesday. The Australian Dollar is in the longer term down trend
so we do not see potential for buying in this market at the moment.
If we break down below 0.6900 level, the pair will make a new low and
we may land to 0.67 or possible 0.66 level down there.
NZD/USD
NZDUSD rallied during the
day, but we may get to see some major movements in the pair as the US
market opens. New Zealand is in a longer term down trend and we are
waiting for a candle that would break the major support of 0.6230
level. On this is cleared we can move down to 0.60 level and probably
to 0.58 in the near future.
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