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USD
The US dollar was on strong footing until the end of the week as data came in mostly upbeat and supportive of an interest rate hike this week.
AUDUSD has been trending lower and moving inside a descending channel on its 1-hour time frame.
USD
The US dollar drew a lot of support from its peers in the New York session when medium-tier reports came in mostly stronger than expected.
USDJPY has formed lower highs and found support at the 105.60 level, creating a descending triangle pattern on its 1-hour time frame.
USD
The dollar dipped upon seeing downbeat retail sales data but soon rebounded.
EURGBP is trending higher on its 4-hour time frame, moving inside an ascending channel and currently testing support.
USD
The US dollar took some hits once more as Trump decided to fire Secretary of State Tillerson and could also sack other officials that disagree with him.
GBPAUD is moving sideways recently, finding support at the 1.7600 major psychological level and resistance at 1.7900.
USD
The US dollar shed some ground to its peers, presumably on positioning ahead of the inflation releases later this week.
EURAUD is slowly trending higher inside a rising wedge formation visible on the 4-hour time frame.
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2023 Martin Luther King Holiday Schedule
Due to the Martin King Holiday on 16 January, 2023, market activity and liquidity may be lower than usual....
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