The Dollar has shown important reversal signs from last week and I expect to see it continue to strengthen. This will be confirmed on a break below 0.7050 until then there is upside potential to 0.7250-0.73.
AUDUSD
Although I expected a pullback towards cloud support, it seems that it is flagging before the next leg higher. I would be a buyer if it can reach the cloud support.
USDCAD
As long as the price is below 1.3540 bears are in control and could push lower. The daily chart is bearish as it looks like a flag pattern with price consolidating between 1.3350 and 1.3550 before the next leg down. Surely bearish if the consolidation is broken. Shorter-term we could see another try for 1.3550-1.36 before next move down.
GBPUSD
I expect the post-election lows to be re-tested or even broken before any upside reversal.
EURUSD
1.1285 remains key resistance but the price has broken below the short-term trend line support. Oscillators imply a correction that is imminent at least towards 1.11.
USDJPY
Bullish since 109.50 and out around 110.60. Price got rejected at the trendline resistance. Breaking above the blue TL, we could see 112.50 again.
#USDJPY thank you very much dear market https://t.co/wRNLoS1jgv
— Alexandros Yfantis (@alexanderYf) June 9, 2017
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