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Despite last week’s selloff to 0.8644, the subsequent rebound suggests minor consolidation would be seen, however, upside should be limited to intra-day resistance at 0.8757 and bring another decline, break of said support would extend the fall from 0.9084 top towards previous support at 0.8611 (wave a low), however, oversold

Although the greenback has risen again after brief pullback and the major rebound from bottom of wave 5 is still in progress, loss of upward momentum should prevent sharp rise beyond 0.9955/60 and reckon psychological resistance at 1.0000 would limit upside and bring retreat later. Below intra-day support at 0.9782

Although the single currency rebounded after last week’s fall from 114.16 to 110.35, as price has retreated again from today’s high of 112.68, suggesting near term downside risk is for another test of said support, however, the 2nd c leg has ended at 108.74 last week, reckon downside would be

Although aussie has continued to fall after reversing from record high of 1.1081 and weakness to 1.0250/60 cannot be ruled out, loss of near term downward momentum should prevent sharp fall below 1.0231 (61.8% Fibonacci retracement of 0.9706 to 1.1081) and bring rebound later. Only above intra-day resistance at 1.0455

As the single currency has remained under pressure after intra-day brief recovery, suggesting the fall from 0.9084 top is still in progress and weakness towards previous support at 0.8611 (wave a low) cannot be ruled out, however, oversold condition should limit downside and reckon 0.8550 should hold from here, bring

As the greenback rallied and broke above previous resistance at 0.9780, adding credence to our view that the wave 5 has possibly ended at 0.9407 earlier and consolidation with upside bias remains for further gain towards 0.9845/50 (50% Fibonacci retracement of 1.0286-0.9407), however, near term overbought condition should limit upside

Despite yesterday’s rally to 114.16, the subsequent much stronger-than-expected retreat suggest the first leg of rebound from 108.74 has ended there and weakness to 110.50/60 cannot be ruled out, however, as we are keeping our view that the 2nd c leg of B has possibly ended at 108.74, downside should

Aussie tumbled yesterday and penetrated indicated support at 1.0525, signaling the wave 5 has possibly formed a top at 1.1081 and further weakness to 1.0400/10 cannot be ruled out, however, near term oversold condition should prevent sharp fall below 1.0390-94 (previous support and 50% Fibonacci retracement of 0.9706 to 1.1081)

As the single currency has fallen again after brief recovery, suggesting the fall from 0.9084 top is still in progress and weakness towards previous support at 0.8611 (wave a low) cannot be ruled out, however, oversold condition should limit downside and reckon 0.8550 should hold from here, bring rebound later.

As recent rise from 0.9407 gathered momentum, suggesting the wave 5 has possibly ended there and consolidation with upside bias is seen for further gain towards resistance at 0.9780, however, break there is needed to add credence to this view and extend further gain towards 0.9845/50 (50% Fibonacci retracement of