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AUD/USD loses some upside momentum as seen in mild bearish divergence condition in 4 hours MACD. But with 1.0203 minor support intact, stronger rise is still in favor towards upper channel resistance at 1.0396. On the downside, below 1.0203 support will argue that a short term top is formed and bring pull back.

AUD/USD loses some upside momentum as seen in mild bearish divergence condition in 4 hours MACD. But with 1.0203 minor support intact, stronger rise is still in favor towards upper channel resistance at 1.0396. On the downside, below 1.0203 support will argue that a short term top is formed and bring pull back.

Intraday bias in USD/CAD remains on the downside with 0.9752 minor resistance intact and further fall should be seen to 0.9666 support first. Break will confirm down trend resumption for 61.8% projection of 1.0285 to 0.9666 from 0.9972 at 0.9589. On the upside, above 0.9752 minor resistance will turn bias

Intraday bias in USD/CAD remains on the downside with 0.9752 minor resistance intact and further fall should be seen to 0.9666 support first. Break will confirm down trend resumption for 61.8% projection of 1.0285 to 0.9666 from 0.9972 at 0.9589. On the upside, above 0.9752 minor resistance will turn bias

EUR/USD faces some resistance ahead of 1.4247 and retreats and intraday bias remains neutral for the moment. On the upside, break of 1.4247 will confirm up trend resumption for 1.4281 resistance, which is close to medium term falling trend line (now at 1.4273). Sustained break there will have medium term

EUR/USD faces some resistance ahead of 1.4247 and retreats and intraday bias remains neutral for the moment. On the upside, break of 1.4247 will confirm up trend resumption for 1.4281 resistance, which is close to medium term falling trend line (now at 1.4273). Sustained break there will have medium term

Intraday bias in GBP/USD is neutral for the moment and some sideway trading could be seen between 1.5935/6149. We’re mildly favoring the case that fall from 1.6400 is not over yet and below 1.5935 will target medium term trend line support (now at 1.5820). Sustained break there will indicate that

USD/CHF’s recovery from 0.8921 might have finished at 0.9273 already and another fall is mildly in favor to retest 0.8921 support. Break there will confirm medium term down trend resumption. On the upside, above 0.9273 will bring another recovery towards 55 days EMA (now at 0.9331) and above.

USD/JPY’s rally resumes after brief retreat and reaches as high as 83.73 so far. Intraday bias is back on the upside for a test on 84.49 key resistance next. Break will target next medium term support turned resistance at 84.81. On the downside, below 82.56 minor support will turn intraday

Dollar recovers mildly as markets are awaiting a second month of strong job data from US. It’s expected that Non-farm payroll report will show 190k expansion in the US job markets in March. Unemployment rate is expected to be unchanged at 8.9%. February’s job growth was at 192k and if