GBP/USD: Current outlook for January 16, 2013

18 January, 2013

 
The pair is trading below the 1.6000-1.6060 support-turned-resistance area, which contains the 50-Day SMA and the 100-Day SMA, so we see the risks of additional setbacks towards the 200-Day SMA by 1.5900 or the 1.5750 support. Only a break back above the 1.6000-1.6060 area would negate this scenario and open a fresh upside extension towards the 1.6300 level, with a break and consolidation above to confirm the medium-term upside run towards the 1.6750 high.
 

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A week of key economic events for the U.S. Dollar

Investors this week wait for a heavy slate of top-tier U.S. economic data, starting with Durable Goods Orders on Monday and ending with the employment reports for January on Friday. In-between is the U.S. fourth-quarter advance GDP data and outcome of the Federal Reserve's first meeting of the year...

USD/CAD: Current outlook for January 23, 2013

The pair reached the 0.9980-1.0055 resistance area, right where the 200-Day SMA resides. A clear break above this area would confirm the medium-term uptrend towards the 1.0250 resistance...

EUR/USD: Current outlook for January 15, 2013

The pair is consolidating above the 1.3300 resistance, thus confirming the medium-term upside run above the 1.3500 resistance towards the 1.4000 level...

  


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