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Yesterday’s surge in risk appetite drew Aussie bulls back and triggered a sharp correction for AUDUSD.
USD
The US dollar had a mixed performance in recent trading, as traders are hesitating to take huge positions ahead of the top-tier releases this week.
EURNZD is forming a rising channel on its 1-hour time frame but seems prime for a countertrend play, as price is testing the range resistance.
USD
The US dollar returned some of its recent gains last Friday when the US advanced GDP reading came in below expectations.
EURJPY has been trading sideways on its 1-hour time frame, creating a range between support at 132.50 and resistance at 134.00.
USD
The US dollar was able to advance against most of its forex counterparts when risk aversion extended its stay in the currency market.
USDJPY has been trading inside a descending triangle pattern on its 4-hour time frame, with price hovering around the resistance.
USD
The US dollar regained ground against its forex rivals when the FOMC sounded a little more upbeat than usual.
EURNZD’s selloff might soon be over, as price formed an inverse head and shoulders pattern on its 4-hour forex chart.
USD
The US dollar gave up ground to its major counterparts in recent trading, as traders booked profits off their trades ahead of the FOMC statement today.
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Instrument | Bid | Ask | Spread |
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Instrument | Bid | Ask | Spread |
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Instrument | Bid | Ask | Spread |
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