Technical trading & analysis report – 23 June 2015
James Chen June 23, 2015 7:12 PM
<p>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. […]</p>
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 shown signs of an impending breakdown below a tight trading range that could renew its bearish trend momentum.
GBP/USD has pulled back on an over-extension to the upside after a sharp rise in the past several weeks.
USD/JPY continues to consolidate just below its multi-year highs.
AUD/USD has dropped to the lower border of a bearish flag pattern near its April long-term lows.
USD/CAD has rebounded after pulling back towards a key trend line within a continuing bullish trend.
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