GBPUSD
The GBPUSD has retested the support line created by the short term trend line. The pair now trades at around the 1.5865 level as their seems to be a slow move to the upside. Continuation of the trend would place profit targets around the 1.62 region as the pair traded to a high of 1.62826 on the 30th of April 2012 before a strong sell off which took place which saw a test of the 1.52791 region.
USDCHF
The USDCHF ranges around the support area of 0.95510. A clear break of support would mean a continuation of the trend and opportunities to short the pair would yield some profits. A break to the downside would see the pair trading to support areas of 0.94681 and 0.94190 in the short term, and 0.92707 for the long term.
USDCAD
The USDCAD ranges around the support area of 0.98467. This area in price held firmly as the pair tested the area for the third time this year. The area was previously tested in March and May of this year. A clear break would confirm the down trend which appears to be developing and would place profit targets around the 0.94 region. This support area was created during July of last year as the pair rallied to a high of 1.06506 after a double bottom pattern was formed on the daily chart.
The GBPUSD has retested the support line created by the short term trend line. The pair now trades at around the 1.5865 level as their seems to be a slow move to the upside. Continuation of the trend would place profit targets around the 1.62 region as the pair traded to a high of 1.62826 on the 30th of April 2012 before a strong sell off which took place which saw a test of the 1.52791 region.
USDCHF
The USDCHF ranges around the support area of 0.95510. A clear break of support would mean a continuation of the trend and opportunities to short the pair would yield some profits. A break to the downside would see the pair trading to support areas of 0.94681 and 0.94190 in the short term, and 0.92707 for the long term.
USDCAD
The USDCAD ranges around the support area of 0.98467. This area in price held firmly as the pair tested the area for the third time this year. The area was previously tested in March and May of this year. A clear break would confirm the down trend which appears to be developing and would place profit targets around the 0.94 region. This support area was created during July of last year as the pair rallied to a high of 1.06506 after a double bottom pattern was formed on the daily chart.
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