EURAUD has been trading sideways recently, moving inside a range between support at the 1.4450 minor psychological level and resistance at the 1.4525 area. Price seems to be on its way to test the top of the range from here. The 100...
USD The US dollar was unable to make much headway against its counterparts despite stronger than expected jobs data. The JOLTS job openings report showed a 5.62 million figure, up from the earlier 5.51 million reading and the 5.52 million consensus....
USDCAD seems to be tired from its uptrend, as a reversal pattern can be seen on its 4-hour time frame. Price is forming a head and shoulders formation and is gearing up to test the neckline at the 1.3000 major psychological level. A break below this...
USD The US dollar was off to a good start for the day but wound up erasing its wins when traders booked their post-NFP positions. Preliminary non-farm productivity fell 0.5% versus the projected 0.5% increase while unit labor costs rose...
GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement level lines up with a broken support zone around...
USD The US dollar had a mixed performance since there were no major catalysts from the US economy yesterday. Only the Fed labor market conditions index was printed and it reflected the first positive reading for the year, assuring market watchers that...
EURAUD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting its latest highs. Price is currently testing this resistance area, which lines up with the 61.8% Fibonacci retracement level on the latest swing...
USD The US dollar popped higher on Friday, thanks to stronger than expected NFP data. The economy added 255K jobs in July versus the projected 180K increase. In addition, the June figure was upgraded from 287K to 292K but the jobless rate was unchanged...
USDCAD is still trending higher, moving inside the ascending channel on its 4-hour time frame. Price just bounced off support and could be due for another test of resistance once it moves past the mid-channel area of interest. The 100 SMA is above the...
USD The US dollar had a mixed performance as it advanced against the European currencies but was mostly weaker against the commodity currencies. Data from the US economy was also mixed, as initial jobless claims stood at 269K versus the projected...
