Rosentray's Daily Commentary

[rosentray]

EUR/USD is trading to the downside in today's session after failing to break above the resistance on the short-term at 1.12. The pair is now 1.1141 and with the predominantly bullish expectations of the US dollar, the pair might be in for a steady ride South.

 

[rosentray]

USD/JPY is in a bull run for the past couple of weeks going from 99.54 to a high of 103.30. The pair is now 103.18 and it appears that the strong bullish momentum will have to break resistance at 103.40 if bulls want to continue North.

 

[rosentray]

EUR/USD is pressured by the USD bulls. At the same time, EUR bulls are trying to hold it above key support at 1.1120. The pair is now 1.11485 and might start to consolidate ahead of key report tomorrow. The NFP and jobs report will create volatility and probably give direction to where the pair might go.

 

[rosentray]

NZD/CAD reached resistance for a sixth time today. The pair has been in an uptrend since April this year and as it looks we might get a break above 0.96 which would be an early indicator of the continuation of the bull run.

 

[rosentray]

The EUR/USD is trading higher since yesterday evening, The pair reached a bit above 1.12 and is now 1.1196. The pair is consolidating before the key report scheduled for later today.

 

[rosentray]

USD/CAD is currently trading at support best seen on the H4 chart. The pair is not just a few points below 1.31 and it appears to be range bound ahead of the NFP and jobs report scheduled for later today.

 

[rosentray]

EUR/USD is trading a bit higher in today's early hours. The pair reached a low of 1.1152 and is currently trading at its highest at 1.1180. We don't have any major news for today so mild volatility might be expected.

 

[rosentray]

USD/CAD was one of the biggest losers on Friday when the NFP and jobs rate were released. The pair went from 1.3114 to below 1.30 and is now trading at 1.2957 with a low of 1.2952. Important news are scheduled for the Canadian dollar this week.

 

[rosentray]

The EUR/USD is trading relatively unchanged in today's session. The pair is gravitating towards 1.1150 level in anticipation of the Non-Manufacturing Composite released later today.

 

[rosentray]

USD/CAD is trading lower today after a good steady climb from 1.2763 to 1.3147 in just a few days. The pair is back below 1.29 and is currently trading at 1.2895.