technical trading analysis report 15 march 2016 1801982016

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 down to key support after last week’s ECB-driven spike.

GBP/USD has retreated sharply after a prolonged bear market rally and could be poised to resume its bearish trend.

USD/JPY continues to consolidate near its recent lows, but could soon break out of consolidation after this week’s Fed meeting.

AUD/USD has pulled back after having risen sharply on stronger commodity prices and could continue to pare its recent gains as commodities retreat.

USD/CAD has shown signs of rebounding after having fallen to a major confluence of support on a recovery in oil prices.

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