AUDUSD is slowly trending higher, moving inside a rising wedge pattern visible on its 1-hour and 4-hour charts. Price is testing the resistance and could be due for a move back to support at the .7475 level. The 100 SMA is above the longer-term 200 SMA...
USD The US dollar was off to a weak start for the week on profit-taking ahead of the FOMC and a bit of improvement in risk appetite. The federal budget deficit was much wider than expected, also casting some doubts on how the new US presidency could...
USDJPY appears to be stalling from its recent rallies as price is approaching a long-term area of interest visible on the daily and weekly charts. Price previously broke below support at the 116.00 major psychological level, which might hold as resistance...
USD The US dollar regained ground at the end of the week as traders reacted to upbeat data and priced in expectations for this week's FOMC statement. Preliminary UoM consumer sentiment was up from 93.8 to 98.0 to reflect stronger optimism...
NZDUSD is trending higher on its 1-hour time frame, moving inside a rising channel connecting the latest highs and lows of price action. Price is currently testing the channel support, which lines up with a former short-term resistance. The...
USD The US dollar advanced against its peers once more as the ECB QE extension rendered US bonds more appealing against its rivals. Initial jobless claims came in line with expectations at 258K. The preliminary UoM consumer sentiment index is...
EURAUD has been moving sideways recently and the latest set of market events have allowed the range to hold. Price just bounced off the resistance at 1.4475 and is now headed back towards support at the 1.4150 minor psychological level. The 100...
USD The lack of top-tier US data releases kept the dollar functioning as a counter currency in recent sessions. It chalked up a mixed performance, advancing to the pound but giving up ground to the yen and commodity currencies. JOLTS job openings...
GBPJPY sold off recently but is still trading above an ascending trend line connecting the latest lows of price action on the 1-hour chart. Price is gearing up for a test of the support level, which lines up with the Fib levels. In particular,...
USD The US dollar was able to regain some ground against its counterparts in the New York trading session, even though economic data came in mixed. The trade deficit widened from 36.2B USD to 42.6B USD on weaker export activity and a pickup in...
