AUDNZD recently broke below the ascending channel support on its 4-hour time frame to signal that a reversal is underway. Before that happens though, price could still make a pullback to the broken support. However, the 100 SMA is still above the longer-term...
USD The US dollar enjoyed a strong rally against its peers as economic reports turned out stronger than expected and underscored the Fed's tightening bias. Initial jobless claims fell from 282K to 259K versus the projected 302K figure while the...
AUDJPY continues to trend higher and is moving inside an ascending channel pattern on its 4-hour chart. Price just bounced off the resistance at 90.30 and is making a pullback to support at the 89.00 area. Applying the Fibonacci retracement tool...
USD The US dollar was in tight trading mode ahead of the FOMC decision, which saw the central bank keep rates unchanged as expected. During the presser, Yellen sounded optimistic about growth despite the likely transitory dip coming from the impact...
GBPNZD has been trending higher and is moving above an ascending trend line connecting the latest lows of price action since August 22. Price has surged past the area of interest around 1.8200 and has found resistance at 1.8700 before pulling back. ...
USD The dollar was one of the weaker currencies for the day even as data came in better than expected. Building permits came in at 1.30 million versus the 1.22 million consensus while housing starts fell from 1.19 million to 1.18 million, still...
EURCAD is forming a descending triangle on its 4-hour chart and could be due for a test of the top. This lines up with the 61.8% Fibonacci retracement level near the 1.4850 minor psychological mark and a former support zone. The 100 SMA is below...
USD The dollar is off to a strong start against its peers as traders must be adjusting their positions ahead of the FOMC decision later in the week. Data printed on Friday came in weaker than expected as headline consumer spending fell 0.2% instead...
USDCAD continues to trend lower but seems to be in a correction from its current selloff. Applying the Fibonacci retracement tool shows that the the 50% level lines up with the trend line resistance and the 1.2400 major psychological level that might...
USD The dollar was mostly weaker against its peers on Friday as economic reports disappointed. Headline retail sales slipped 0.2% instead of posting the estimated 0.1% uptick while the core version of the report indicated a smaller than expected...
