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USD
The US dollar returned some of its recent gains to the higher-yielding currencies when risk appetite improved.
USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart.
USD
The US dollar had a mixed performance as it reacted mostly to country-specific events.
EURAUD has been climbing recently but these rallies could hit a barrier around the top of the descending triangle on its daily time frame.
USD
The US dollar stalled from its rallies earlier in the week, as traders likely lightened up on their holdings ahead of the weekend.
EURGBP recently made a break below the head and shoulders neckline support then dipped to a low of .7650.
USD
The US dollar seemed tired from its climb as it barely scored gains after some FOMC members reiterated their hawkish stance.
GBPAUD has been trending higher on the 1-hour time frame, moving above an ascending trend line connecting the latest lows of price action.
USD
The US dollar chalked up larger gains against its forex rivals when the FOMC minutes confirmed that some members were more optimistic about economic prospects.
GBPJPY has formed higher lows and found resistance at the 162.00 major psychological level, creating an ascending triangle pattern on its 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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