Technical trading & analysis report – March 25, 2014

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

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

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

EUR/USD recently hit a new long-term high at 1.3965, and is still entrenched in a strong bullish trend.

GBP/USD has pulled back significantly from its four-year high, dropping below several key support levels.

USD/JPY continues to trade within a consolidation range, but appears poised for an eventual breakout.

AUD/USD has risen to a major confluence of resistance and is at a critical technical juncture.

Gold has pulled back substantially from its six-month high of 1392, but could soon stage another rebound.

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