Forex technical analysis

EUR-USD => Resistance at 1.5210 - 1.5240 may push the price lower to 1.5150 or even 1.5090. Later we should see a consolidation for some time.

GBP-USD => Expecting a dip to 1.9820 or even to 1.9785 with a following correction to 1.9890. Breaking below 1.9730 is in favor of sellers.

USD-CHF => Main support at 1.0280 should hold allowing a move up to 1.0485 or even 1.0545.

USD-JPY => An attempt to reach 103.90 is anticipated. Entry points will be at 103.05 and 102.85. Breaking below 102.17 signals of sellers strength.

EUR-GBP => From 0.7660 or 0.7670 expecting a pullback down to 0.7640 or lower. Breaking above 0.7705 is in favor of buyers.

AUD-USD => Expecting a test of 0.9485 with a next sell off to 0.9315 and possibly to 0.9230.

USD-CAD => while below 0.9920 - 0.9945 expect additional dip towards 0.9840 or 0.9780. Stops are slightly above 0.9995.

GBP-JPY => the pair is trying to recover from 204.40, however there is no confirmation yet about future upward strength.

Forex Fundamental overview

Time EST

9:00am CAD Interest Rate Statement => High Impact Expected. Forecast = 3.75%, if Actual comes higher than that - stronger CAD, lower - weaker.

9:00am USD Fed Chairman Bernanke Speaks => High Impact Expected

7:30pm AUD GDP => High Impact Expected. Forecast = 0.8%. Higher than that - stronger AUD, lower - weaker.

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