The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.

On Thursday Dollar/Yen increased with 65 pips, after the morning descent. The currency couple appreciated from 77.12 to 77.79 yesterday, matching the positive Interbank sentiment at under +15%, closing the day at 77.62. This morning the Dollar is trading quietly against the Yen, moving at the upper end of yesterday's

AUDUSD A follow through lower on its Thursday sell off is now underway as the pair remains weak and vulnerable to the downside following a break through its key support at the 1.0149 level. This leaves the risk of a return to its major support at the 1.0000 level

Yesterday's fresh slide from 1.3450 zone, that capped near-term price action, confirms short-term bearish structure, as brief break above trendline resistance was short-lived. Loss of 1.3332/00 supports, extended losses to 1.3290 support initially, with following recovery attempt being capped under 1.3400 barrier. Fresh weakness is under way, with break below

On Thursday Pound/Dollar decreased with 160 pips. The Cable depreciated from 1.5770 to 1.5609 yesterday, in converse with the positive Interbank sentiment at nearly +30%, closing the day at 1.5625. Today the British Pound weakened further, reaching 1.5583. On the 1 hour chart range trading has formed, while on the

Although a new five week low was posted yesterday USDCAD sentiment reversed aggressively. Buyers near 1.0000 led to a move back above 1.0200 and the most positive performance for 13 trading days. Although gains have not been built upon, to any great degree, in Asia and intraday signals for sentiment

The EURO closed lower on Thursday and the lowrange close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish hinting that a low might be in or is near. Closes above last Friday's high crossing are needed to confirm that