GBPAUD is moving sideways recently, finding support at the 1.7600 major psychological level and resistance at 1.7900. Price is halfway through its bounce to the top of the range, hitting some short-term resistance at the current area of interest.Stochastic...
USD The US dollar shed some ground to its peers, presumably on positioning ahead of the inflation releases later this week. There were no major reports out of the US economy on Monday while today has CPI data on tap. Both the core and headline figure...
EURAUD is slowly trending higher inside a rising wedge formation visible on the 4-hour time frame. Price just bounced off the resistance and might be due for a pullback to support around the 1.5450 minor psychological level. Stochastic is on the...
USD The US dollar initially had a strong positive reaction to upbeat NFP results, as the headline figure posted a gain of 313K versus the consensus at 205K. The earlier figure also enjoyed an upgrade from 200K to 239K while the unemployment rate...
AUDUSD is trending lower on its 4-hour time frame and is testing the top of the descending channel. If this holds as resistance, price could fall back to support at the bottom of the channel around the .7650 minor psychological support. The 100 SMA is...
USD The US dollar gained some ground to most of peers when Trump tempered his tough talk on tariffs, easing fears of a trade war. The focus shifts back to economic data today with the NFP report due. The US could report a 205K increase in hiring for...
USDCAD is trending higher on its 4-hour time frame and is trading above an ascending trend line. Price looks ready for a pullback and applying the Fib tool on the latest swing low and high shows that the 38.2% level is closest to the trend line...
USD The dollar recovered slightly from its earlier selloff when the Trump administration sounded open to exempt Canada and Mexico from higher tariffs on steel and aluminum on account of national security. Data was mostly upbeat, with the ADP non-farm...
USDCAD formed a double top reversal pattern on its 1-hour time frame, signaling that the rally could be over. Price has yet to break below the neckline at 1.2865 to confirm the potential selloff. The chart pattern is approximately 140 pips tall so the...
USD The US dollar had relatively quiet time for the most part of the US session as officials sought to calm fears of a trade war. However, the selling resumed when economic adviser Gary Cohn announced his resignation, which would likely leave stronger...
