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  • AUD/USD trades to a fresh yearly high (0.7946) as the US Dollar continues to weaken against the commodity bloc currencies. Get your $AUDUSD market update from @DavidJSong here:https://t.co/sFVlzjSduy https://t.co/B42fOBg1Wq
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  • $NZDUSD is up over 60 pips today, currently trading above the 0.7400 level. The pair is now trading at its highest level since early 2018. $NZD $USD https://t.co/msjDKSmFvW
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  • $AUDUSD has surged by over 40-pips over the last two hours, taking out the prior session highs. This move pushed the pair to a high of 0.7945, a new highest level since early 2018. $AUD $USD https://t.co/8iSZY4RHQC
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  • Fed Chair Powell: - The public and the world have confidence in the dollar #Fed $USD
Forex Analysis: EUR/GBP Classic Technical Report 01.16.2013

Forex Analysis: EUR/GBP Classic Technical Report 01.16.2013

Ilya Spivak, Head Strategist, APAC

Prices pulled back to retest the 76.4% Fibonacci expansion at 0.8275. A break back below that aims for rising channel resistance-turned-support is at 0.8249, followed by the 0.8215-20 area. Interim resistance is at 0.8325, the January 14 high, followed 100% level at 0.8372.

Forex_Analysis_EURGBP_Classic_Technical_Report_01.16.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.16.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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