Technical trading amp analysis report 11 November 2015

City Index Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for five major currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. […]


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By :  ,  Financial Analyst

City Index Chief Technical Strategist, James Chen, provides the weekly technical analysis outlook for five major currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD.

The focus is on technical price trends and major support and resistance levels.


EUR/USD remains pressured under 1.0800 with a further downside target at the major 1.0500 support level.

GBP/USD has broken down below key price levels and could now be poised to target 1.5000 and then 1.4800.

USD/JPY continues to rise on US dollar strength with an upside objective at the 125.00 resistance level.

AUD/USD is trading just above its multi-year lows, and could soon be poised for a breakdown below the key 0.7000 psychological level.

USD/CAD continues to recover from its recent pullback and is currently targeting its multi-year highs once again.

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