Candlestick Daily: Quiet Start to Week as USD/JPY Nears 100.00 CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Short Term) Ticking higher from key support at 1.3000, resistance looms at 1.3100 and 1.3131 GBP/USD (Short Term) Treading water around 1.5200 as traders wait for volatility to pick up. See full report for more details USD/JPY (Short Term) Continuing to grind higher toward key psychological resistance at 100.00 – looking to buy dips later this week. USD/CHF (Short Term) Treading water in the mid-.9400s as traders wait for a catalyst before trading. See full report for more details USD/CAD (Short Term) Holding above 1.0500 after bullish candlestick development, still favoring a rally to 1.0600 later this week. See full report for more details AUD/USD (Short Term) Recovering after testing .9100 support earlier today, upcoming RBA meeting likely to lead to volatility. See full report for more details NZD/USD (Short Term) Also rangebound, watching support at .7700 and resistance in the mid-.7800s Forex NewsJuly 9, 2013adminNo comments Permalink
