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Forex daily market comments: Morning comments

Forex Morning daily comments are updated shortly after the open of London session. Approximate time: 9:00 - 9:30 am EST

Forex market outlook help traders to obtain a new fresh information on the Forex market trends and tendencies, price patterns, support/resistance levels, and thus trade more effectively throughout most busiest Forex trading sessions: London and New York.

Last updated: February 22, 2019, 11:12 am UTC

Currency Comments
EUR-USDThe pair is holding steady in the Asia session, eyes on geopolitical risk in near-term. preference higher trading above 1.3400
AUD-USDThis pair is holding trading below main short-term resistance around 0.9330-35. preference higher if broken.
GBP-USDBOE Gov Carney has done it again - the bank won’t wait for real wages to turn positive before hiking rates = GBP forming strength
USD-CADdouble top pattern near 1.0980 could halt the rise of this pair over the ST and LT and the breakout of 1.09 to the selling opens 1.0820.
NZD-USDThe two month long bearish trendline was broken, then it rallied to take out the 0.8500 round handle. momentum higher for this pair.
USD-CHFPossible Head and Shoulders pattern developing if it can breakout through the neckline around 0.9025. otherwise current bullish trend intact.
EUR-GBPBullish trendline since late July has held once again as Carney takes the bite out of the GBP, but we now reside at the top of the channel.
USD-JPYNot much price action from yesterday to today, but Fibonacci resistance looms near 102.50.
GBP-JPYThe pair is testing a main support area around its 200-day SMA. Too early to get bearish without a confirmed breakout here
AUD-JPYThis cross was rejected by a support area around its 200day SMA. Now the pair is finding some sticky ground around top of Ichimoku cloud
EUR-JPYThis pair is holding in a long-term downward trend, thus preference lower in long-term. Possible ST forming strength
CAD-JPYContinued momentum took this pair further away from its bearish trendline lending more credence to the recent rally.

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