Technical trading amp analysis report 18 August 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 has pulled back from its 200-day moving average after a bullish run and could be poised for further downside towards 1.0800.

GBP/USD tentatively broke above the top of its recent month-long range after higher-than-expected CPI data from the UK.

USD/JPY has continued to trade within a tight range just off its highs, and remains within a strong bullish trend.

AUD/USD is fluctuating near its long-term lows and could be poised for a further move down towards 0.7000.

USD/CAD continues to trade within a pullback from its 1.3200-area highs, but could soon continue its run on a strong US dollar and weak crude oil.

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