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Forex Analysis

Published 01/17/2012, 08:22 AM
Updated 02/02/2022, 05:40 AM
EUR/USD
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GBP/USD
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AUD/USD
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The Euro is Seeing Pressure

The EUR/USD rose a bit in the Asian session. The market hit 1.2735. We might test the trend line resistance and then we could see a possible test of 1.2800.
 
Alternatively, we see support at 1.2650. A move below that area could see a test of the key support at 0 1.2500 next.
<span class=EUR/USD" title="EUR/USD" width="1140" height="572">

The Cable Has a Wild But Indecisive Day

The GBP/USD was volatile but ranged yesterday. So far in the Asian session, it has been a little stronger. The market hit as high as 1.5367 after it could not break below the support at 1.5271. We might now test.5400. Above that could test 1.5500 next.
 
Looking the other way, a break below 1.5270 might test the psychological level at 1.5000.
<span class=GBP/USD" title="GBP/USD" width="1143" height="545">

The Aussie is in a Sideways Range

The AUD/USD might test 1.0446 next. If a breakthrough that area next resistance is 1.0579. This level is the 100% extension from .9663-1.0379.
 
Alternatively, we see support at 1.0230. This level held well on Friday. Other support levels of interest are 1.0285-1.0310 for today.
<span class=AUD/USD" title="AUD/USD" width="1140" height="486">

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