USD
The US dollar gave up some of its gains when the US advanced GDP reading missed expectations.
AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff.
USD
The US dollar had a volatile time during the FOMC statement but generally ended higher against its currency counterparts.
EURCHF is pulling back from its strong upside break past the symmetrical triangle resistance on the 4-hour chart and may be due for a retest of the 1.0500 major psychological support.
USD
The dollar was hit by profit-taking activity in yesterday’s US trading session, with traders closing off their long positions ahead of the FOMC statement today.
EURAUD has been trending higher on the 4-hour time frame and price looks ready to make another test of the uptrend line connecting the recent lows.
USD
The US dollar was in a weak spot recently, despite stronger than expected data from the economy.
GBPAUD has been on a strong uptrend on its longer-term time frames, but a pullback seems to be materializing on the 1-hour chart.
USD
The US dollar was in for a weak start this week since traders seem to be reducing their exposure ahead of the top-tier events later on.
USDCAD recently made a strong rally past a key resistance area around 1.3000 and is currently retreating to that level at the start of the week.