Technical trading amp analysis report 21 July 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 reached its downside target of 1.0800, and continues to carry a bearish bias.

GBP/USD has pulled back further and could be poised for further downside below 1.5500.

USD/JPY remains in a short-term bullish run and could now be targeting its recent multi-year high.

AUD/USD continues to trade lower after hitting a new six-year low.

USD/CAD has reached its 1.3000 resistance target and could strengthen further on lower oil prices and continued US dollar strength.

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