The Dollar has shown important reversal signs from last week and I expect to see it continue to strengthen. This will be confirmed on a break below 0.7050 until then there is upside potential to 0.7250-0.73.
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AUDUSD
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Although I expected a pullback towards cloud support, it seems that it is flagging before the next leg higher. I would be a buyer if it can reach the cloud support.
USDCAD
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As long as the price is below 1.3540 bears are in control and could push lower. The daily chart is bearish as it looks like a flag pattern with price consolidating between 1.3350 and 1.3550 before the next leg down. Surely bearish if the consolidation is broken. Shorter-term we could see another try for 1.3550-1.36 before next move down.
GBPUSD
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I expect the post-election lows to be re-tested or even broken before any upside reversal.
EURUSD
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1.1285 remains key resistance but the price has broken below the short-term trend line support. Oscillators imply a correction that is imminent at least towards 1.11.
USDJPY
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Bullish since 109.50 and out around 110.60. Price got rejected at the trendline resistance. Breaking above the blue TL, we could see 112.50 again.
#USDJPY thank you very much dear market https://t.co/wRNLoS1jgv
— Alexandros Yfantis (@alexanderYf) June 9, 2017
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