7 Apr 2015
Outlook for FX majors – Kshitij Consultancy
FXStreet (Barcelona) - The Kshitij Consultancy Team shares the outlook for EUR/USD, GBP/USD, AUD/USD and USD/JPY.
Key Quotes
“Overall currencies look positive this week but are bearish on a longer term. Need to wait for more confirmation.”
“Dollar saw some gains yesterday moving up from 96.32 to 97.23. But with the upcoming central bank meetings this week the Dollar is likely to remain weak over the coming sessions."
“Euro (1.0948) and Pound (1.4904) is likely to break 1.1052 and 1.50 on the upside but may not sustain at those levels for long.”
“Aussie (0.7614) seems to be in a sideways consolidation within 0.753-0.756 but may see a rise to 0.77-0.78 in the near term.”
“Yen (119.55) may see some strength towards 119-118 before rallying up again towards 120.”
Key Quotes
“Overall currencies look positive this week but are bearish on a longer term. Need to wait for more confirmation.”
“Dollar saw some gains yesterday moving up from 96.32 to 97.23. But with the upcoming central bank meetings this week the Dollar is likely to remain weak over the coming sessions."
“Euro (1.0948) and Pound (1.4904) is likely to break 1.1052 and 1.50 on the upside but may not sustain at those levels for long.”
“Aussie (0.7614) seems to be in a sideways consolidation within 0.753-0.756 but may see a rise to 0.77-0.78 in the near term.”
“Yen (119.55) may see some strength towards 119-118 before rallying up again towards 120.”