NZDUSD recently broke below support at the .7250 minor psychological level and dipped close to the .7200 handle before showing signs of a correction. Applying the Fib tool on the latest swing high and low on the 1-hour time frame shows that the 50% retracement...
USD The US dollar was stuck in consolidation against most of its peers as traders took a break after the NFP rallies. The Fed labor market conditions index dipped from 3.3 to 1.5 versus the consensus at 2.5 but still chalked up its 13th consecutive...
EURAUD is trending higher recently and has been moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and could be due for a test of support at the 1.4900 major psychological level. Applying the Fib...
USD The US dollar was able to rebound against most of its counterparts on Friday thanks to stronger than expected NFP results. The report showed a 222K increase in hiring versus the projected 175K gain while the May reading was upgraded from 138K to...
GBPAUD has been trading inside an ascending channel pattern visible on its 4-hour time frame and is currently testing support. A bounce could take it back up to the resistance at 1.7150 to 1.7200 while a breakdown could mark the start of a reversal....
USD The US dollar returned some of its recent wins when the ISM non-manufacturing PMI's jobs component and the ADP non-farm employment change hinted at a weaker NFP read. Although the headline reading rose from 56.9 to 57.4 to reflect stronger industry...
GBPJPY has been moving back and forth between support around the 138.50 and the range resistance at 147.50-148.00 visible on the daily time frame. Price is currently testing the resistance and could be due for a drop back to support. Stochastic is indicating...
USD The US dollar rallied ahead of the FOMC minutes release but retreated upon seeing that committee members are still divided when it comes to their tightening and unwinding time line. Some thought that balance sheet reinvestment should start...
AUDUSD is trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price is currently testing support and might be due for a bounce back to resistance at the .7750 to .7800 levels. Stochastic is indicating...
USD The US dollar had a mixed performance as traders were out on a Fourth of July holiday. Markets reopen today and the factory orders report is due, with analysts expecting to see a larger 0.4% decline compared to the earlier 0.2% dip. The FOMC...
