EURJPY is trending lower on its 4-hour time frame and is currently testing the resistance of its falling channel. If the 124.00 handle holds as resistance, the pair could slide back to support at the 122.00 handle. The 100 SMA is below the longer-term...
USD The US dollar held its ground against its peers even as talks of balance sheet unwinding in September dampened rate hike hopes for the same month. According to Harker and Evans, this move is separate from their economic assessment but they could...
EURCAD recently sold off but seems to be finding support at an area of interest visible on its daily time frame. Applying the Fib tool on the latest swing high and low also shows that the 38.2% level lines up with support at the 1.4800 mark. The...
USD The US dollar managed to hold on to its gains thanks to the return in risk aversion. A few other policymakers gave testimonies but none sounded as hawkish as Dudley. The US current account balance widened to $117 billion but this was smaller than...
Cable is sitting right on the ascending channel support visible on its daily time frame. A bounce could take it back up to the resistance at the 1.3250 minor psychological level while a break could spur a longer-term selloff. The 100 SMA has just...
USD The US dollar got a strong boost from hawkish remarks by FOMC member William Dudley in his testimony. He affirmed US economic growth and how it has been well-distributed, citing that wage growth could pick up once productivity does. He also emphasized...
AUDNZD has been trending higher, moving inside an ascending channel visible on its 1-hour time frame. The pair has just bounced off support and could be due for a test of resistance soon. The 100 SMA is above the longer-term 200 SMA so the path...
USD The dollar had a mixed round as it reacted mostly to currency-specific events. US data was all weaker than expected last week, casting some doubt on the Fed's ability to hike rates again. Building permits and housing starts both fell short of estimates...
GBPNZD has just bounced off its descending channel resistance and is making its way towards support. If the bottom at the 1.7300 handle holds, price could make another test of resistance. Stochastic is already indicating oversold conditions, which...
USD The US dollar got a boost from a relatively upbeat FOMC statement even though CPI and retail sales figures fell short of estimates prior to the announcement. The Fed reiterated its plan to hike rates three times this year and Yellen even hinted...
