The demand for the Japanese currency is supported by falling of U.S. 10-year Bond Yield. I’m going to sell USD/JPY after the price fixes below 113.000. The immediate objective for taking profit is 112.600. The deal will be short-term and speculative.
There is an increased demand for the US dollar at the moment. This is due to the growth of U.S. 10-Year Bond Yield. The sales dominate on EUR/USD. My expectations were confirmed yesterday. I plan to open positions in the current trend direction. I will sell this pair after the price fixes below 1.0550. Potential movement - to 1.0520-1.0500.
USD/CAD is trading at 1.3150-1.3165 offers area now. The buyers have power there. I expect a continuation of the current trend. I will look for an entry point into the market and I’ll open a long position after the price fixes above the area. The goal for taking profit is at the 1.32000 round level.
My yesterday suggestion for EUR/USD has confirmed. The single currency continued to fall against the US dollar. This happened due to the growth of political risks in the EU and an opportunity of the Fed rate increasing in March. I’ll open short positions today. I’ll sell EUR/USD after the retest of the 1.0520 "mirror" resistance level of. Potential movement - to 1.0475-1.0450.
Sales dominate on NZD/USD at the moment. The currency is traded near the 0.7155 local support. I will open short positions after the price fixes below this mark. The target for taking profit if 0.7130. The deal is short-term and speculative.
EUR/USD has kept the 1.0500 round level. It caused a correction in the second half of the day yesterday. It seems to me that the correction movement may continue. The local resistance is on 1.0570. I’ll buy EUR/USD after the price consolidates above this level. Potential movement - to 1.0610.
There are aggressive sales on NZD/USD today. The currency has broken the 0.7200 key support level. I plan to wait for the retest of this level. I’ll open short positions after the price reaches this mark. Potential movement - to 0.7175-0.7150.
There was aggressive buying on GBP/USD yesterday. The pound has overcome the1.2545 key resistance level. I’ll look for the entry points for opening long positions today. The next target for taking profit is the 1.2580 mark.
The technical pattern on USD/CHF indicates a further correction. The nearest resistance level is 1.0050. I will sell it after the price fixes below this mark. Potential movement - to 1.0000.
AUD/USD has kept the local level of support 0.7670. I’ll open long positions today. I identified the nearest resistance level, it is 0.7695. I’d buy AUD/USD, if the price fixes above the 0.7695-0.7700 level. Potential movement - to 0.7725.