Easy Pips Forex

AUD/USD Daily Outlook
AUD/USD’s recovery, with 4 hours MACD crossed above signal line, argues that a short term bottom might be in place. Some consolidations could now be seen, with risk of recovering to 0.6810 resistance or above. Nevertheless, upside should be limited by 0.6956 resistance and bring fall resumption. As discussed before,…

FX Technical Analysis
EURUSD Comment: Trying, not very well, to base around the 1.3200 area and a very thin Ichimoku ‘cloud’. A break above the 9-day average at 1.3412 may trigger some short-covering.

Forex Trading Outlook May Hinge Upon Bank of Canada Rate Decision, UK GDP
The British pound and Canadian dollar could see heightened volatility this week as Q4 GDP for the UK is anticipated to fall by the most in 18 years, while…
strategist@dailyfx.com (Terri Belkas, Currency Strategist)