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FJD/USD - Fiji Dollar US Dollar

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USD
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0.4432
+0.0044(+1.00%)
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FJD/USD Discussions

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The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias, made another lower high and low. The bias remains bearish in nearest term testing 1.0950 as a part of the bearish scenario after formed a shooting star formation as you can see on my daily chart below. A clear break and daily close below 1.0950 could trigger further bearish pressure targeting 1.0800 area. Immediate resistance remains around 1.1070 (former support)(visit my profile for more details). A clear break above that area could lead price to neutral zone in nearest term testing 1.1120 but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
Looking back, the USD/FJD gained 0.182 or 9.15 percent during the last 12 months from 1.99 in January of 2015. Historically, the Fijian Dollar reached an all time high of 2.37 in April of 2001 and a record low of 1.48 in February of 2008
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