Weekly Charts for the wekk of May 23

FX Strategy Video > Currency Pairs Analysis

The EUR/USD has significant selling pressure on it at the moment, and is barely hanging on at the 1.42-1.40 area. The EUR/CHF looks absolutely horrible, and like it is ready for an absolute breakdown. This could open the door down to 1.16 or so. The AUD/USD looks to continue the bull run as the 1.05 has held up, and the trend is so strong in this pair. Rising gold prices help this pair as well. The USD/JPY has carved out a potential bottom, and the central banks are waiting somewhere below the 80 level.

Published on 21st of May 2011
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