AUD/USD – Pattern Breakout Below 1.0480 Can Signal Bearish Continuation

The 1H AUD/USD chart shows a market that rebounded from 1.0420 up to 1.0530 over the 5/15 Asian-European session but found resistance in the following US session so far. The RSI cracked 60, but a quick return below 60 and back below 40 reflects maintenance of bearish momentum. If price action also... FF News: Technical

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USD/JPY Pushing Toward the 2011 High; 84.50-85.50 Area Might Finally Provide Resistance

The previous post on USD/JPY questioned the persistence of the current parabolic surge as it approached 83.00. However, the momentum continues to be bullish down to the 15-min chart (as shown above), where the RSI reading continues to remain above 40 as well as being able to push above 70. There is... FF News: Technical

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