AUD/JPY recently made a strong break below a support level and may be ready for a quick retracement before resuming its drop. The pair previously found support at the 94.50 minor psychological level and the break took it down to the 93.00 level. A pullback...
USD The US dollar had a mixed performance at the end of the week as risk sentiment and profit-taking played key roles in dictating currency price action. US new home sales came in stronger than expected, giving the currency a bit of support during...
NZD/USD is currently testing a major support level, visible on the 4-hour forex time frame. Stochastic is already moving in the oversold area but has yet to cross higher and indicate a potential return of bullish momentum. Over the weekend, New Zealand...
USD The US dollar sprang back to life in recent trading sessions, despite mixed data from the US economy. The flash manufacturing PMI surged from 55.4 to 56.2, outpacing the consensus at 55.6. However, existing home sales and initial jobless claims...
AUD/JPY has been forming a rising channel on its daily time frame, indicating that the longer-term uptrend is still valid. The pair is even finding support at the middle of the channel and might be headed back for the top around the 97.00 levels. Stochastic...
USD The US dollar barely reacted to the minutes of the latest FOMC meeting, as the report revealed nothing new. Policymakers mentioned that they are not very concerned about accommodative monetary policy stoking inflationary pressures at the moment,...
After that strong selloff in the past few trading days, NZD/USD is now finding support at the .8550 minor psychological level. This has acted as a floor for price drops in the past and might hold again. Stochastic just moved out of the oversold region...
USD The US dollar drew support from risk aversion in yesterday’s trading sessions, as the declaration of martial law in Thailand brought geopolitical risk back in the mix. There were no reports released from the US economy but a few Fed officials g...
GBP/AUD’s downtrend might soon reverse, as the pair has formed a double bottom pattern on its 4-hour time frame. The pair has bounced off the 1.7850 minor psychological level a couple of times then found resistance at the pattern’s neckline around 1.8...
USD The US dollar showed signs of strength in the past few trading hours as risk aversion gripped the financial markets once more. Martial law has been declared in Thailand and this kind of geopolitical tension usually turns out to be positive...
