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USD
Since most markets were still closed for the holidays, dollar action was relatively subdued throughout Monday.
NZDJPY broke past the long-term resistance at the 78.00 handle a couple of months back before staging a steady ascent to 83.50.
USD
The dollar advanced steadily against its peers as the week drew to a close, as economic data from the US was slightly stronger than expected.
AUDNZD formed lower highs and found support at the 1.0400 major psychological level, creating a descending triangle visible on its 1-hour chart.
USD
The US dollar returned some of its recent wins on Friday as traders booked profits before the end of the week.
EURAUD made another bounce off its support at the 1.4125-1.4150 area late last week and looks ready for a test of resistance at the 1.4500 major psychological mark.
USD
The US dollar continued to reign supreme against its counterparts as traders incorporated expectations of three more rate hikes next year.
GBPJPY is still trending higher, moving above a rising trend line on its 1-hour chart and getting ready for another test of support.
USD
The US dollar staged a strong rally after the Fed hiked interest rates and signaled room for three more tightening moves next year, an increase from their September forecast of just two hikes.
AUDUSD broke down from its wedge formation after the FOMC statement but signs of a correction are materializing.
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Instrument | Bid | Ask | Spread |
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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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