Current breach of indicated resistance at 0.8422 has dampened our bearishness and signals recent decline has formed at low at 0.8222 earlier, hence consolidation with upside bias would be seen for retracement of recent decline to previous support at 0.8485 (wave i bottom), however, break there is needed to shift

Although the greenback has rebounded again after falling to 0.9907 and consolidation with mild upside bias is seen for retracement of recent decline to resistance at 1.0052, break there is needed to confirm low has been formed and bring correction to 1.0100-10, however, reckon resistance at 1.0148 would hold from

Although the single currency has continued to move higher and recent rise may extend gain to 106.60-65, loss of near term upward momentum should prevent sharp move beyond there and reckon 107.00 would hold, bring retreat later. A break below 104.50-60 would suggest a temporary top is possibly formed and

Aussie’s intra-day brief breach of previous support at 1.0629 (last week’s low) suggests caution on our long position entered at 1.0650 and intra-day low at 1.0610 needs to hold to retain bullishness for another rebound, above 1.0755 (yesterday’s high) would suggest the retreat from 1.0817 (this week’s high) has possibly

Although the single currency met renewed selling interest at 0.8406 earlier and fell in line with our expectations (our short position entered at 0.8400 met target at 0.8285 with 115 points profit), euro failed to test support at 0.8264 and has rebounded strongly from 0.8277 (last week’s low), suggesting further

Although the greenback rebounded to as high as 1.0052 last week, renewed selling interest emerged there and recent decline resumed yesterday to as low as 0.9907 before recovering, bearishness remains for recent decline from 1.0524 in C wave to extend to 0.9892 support, however, break there is needed to bring

Although the single currency has rallied again last week and current firmness suggests recent rise may extend gain to 106.55-60, loss of near term upward momentum should prevent sharp move beyond there and reckon 107.00 would hold, bring retreat later. A break below 104.50-60 would suggest a temporary top is

Despite yesterday’s rise to 1.0817, the subsequent retreat suggests further consolidation below recent high of 1.0845 and marginal weakness from here cannot be ruled out, however, downside should be limited to support at 1.0629 (last week’s low) and bring another rebound later. A break of said resistance at 1.0845 would

As the single currency has staged a strong rebound after yesterday’s fall to 0.8264, retaining our view that further consolidation would be seen and another corrective bounce towards resistance at 0.8409 cannot be ruled out, however, reckon 0.8422 would cap upside and bring another decline later. A break of said

Despite yesterday’s bounce to 0.9995, as renewed selling interest emerged there and price has retreated again, retaining our bearishness for recent decline to resume after consolidation, break of last week’s low of 0.9928 would confirm and extend the decline from 1.0524 in C wave to 0.9892 support, however, break there

Yesterday’s rally has justified our bullishness, our long position entered at 99.60 earlier finally met indicated target at 101.60 (with 200 points profit) and current breach of 102.21 resistance adds credence to our view that low at been formed at 97.04 (wave v bottom) and bullishness remains for this minor

Although aussie has risen again after brief pullback and recent rise from 0.9388 may extend further gain in wave c to 1.0850-60 and possibly 1.0900, overbought condition should limit upside to 1.0950-60 and the diagonal triangle outlook of the latest move suggest this c leg should falter below previous resistance

Despite yesterday’s fall to 0.8264, the subsequent rebound suggests consolidation would be seen and above 0.8340 would bring a stronger recovery to 0.8380/85, however, resistance at 0.8409 would hold and bring another decline later. A break of indicated support at 0.8255 would add credence to our view that correction from

Although the greenback recovered after last week’s fall to 0.9928 and consolidation would be seen, as long as last Friday’s high of 1.0034 holds, bearishness remains for recent decline to resume later, below said support at 0.9928 would extend the decline from 1.0524 in C wave to 0.9892 support, however,

As the single currency found renewed buying interest at 99.86 yesterday and has rebounded again, retaining our near term bullishness for another rebound, a sustained breach of 100.90-00 would signal the retreat from 102.21 has ended and bring a stronger rebound to 101.40-50, Looking ahead, a break of resistance at

As aussie has risen again after brief retreat to 1.0682 yesterday, suggesting recent rise from 0.9388 is still in progress as wave c and further gain to 1.0850 and possibly 1.0900 would be seen, however, overbought condition should limit upside to 1.0950-60 and c leg should falter below previous resistance

As the single currency has remained under pressure, we are keeping our bearish view that top has possibly been formed at 0.8409 and consolidation with downside bias remains for further weakness to previous support at 0.8255, however, reckon support at 0.8222 would hold from here. We are keeping our latest

Despite Friday’s fall to 0.9928, as price has rebounded today after holding above this support, suggesting consolidation would be seen, however, as long as Friday’s high of 1.0034 holds, bearishness remains for recent decline to resume after consolidation, below said support at 0.9928 would extend the decline from 1.0524 in

Despite Friday’s rebound to 100.89, lack of follow through buying on break of 100.88 resistance and the subsequent retreat suggest further consolidation would be seen but as long as 99.62 holds, consolidation with upside bias remains for another rebound later. A sustained breach of said resistance at 100.89 would signal

Despite Friday’s rise to 1.0794, the subsequent retreat suggests consolidation would be seen and pullback to 1.0600 is likely, however, renewed buying interest should emerge above last week’s low at 1.0526 and bring another rise later. A sustained breach of said resistance would add credence to our bullishness and extend