AUD / USD continues on Monday with the advance that started on Friday. Decline of the dollar among the main supports to the rise of the pair. The AUD / USD continues to move on a bullish bias and hit five-day highs at 0.7655 recently. The price remains in the zone of the maximums in […]
Tag: Foreign exchange
NZD / USD bounces to 0.7000 region in choppy session
The NZD / USD is posting small daily gains around 0.7000. The US Dollar DXY Index continues to move sideways below 93.00. The major Wall Street indices appear to be opening in negative territory. After closing the previous week deep into negative territory, The NZD / USD pair has faced modest downward pressure during the […]
USD / CAD will drop substantially towards 1.21 in the coming months – Barclays
Barclays economists expect the loonie to remain resilient thanks to fiscal support, higher oil prices and optimistic growth prospects. They forecast that the USD / CAD will be at 1.21 for the first quarter of next year. Key statements: “We remain constructive against the Canadian dollar thanks to the more optimistic growth prospects, extended domestic […]
USD / TRY Makes New Highs Near 8.2000
USD / TRY extends the bullish run above 8,000. The new head of CBRT said a rate cut should not be taken for granted. Pressure on the Turkish lira is holding and has pushed USD / TRY to a fresh one-week high at 8.1838. It is trading at 8.1630, up 1% so far this day. […]
USD / RUB will turn bullish once above 77.00 high – Commerzbank
The rapid rise of the USD / RUB from the March low at 72.54 has propelled it to a four-month high at 77.00 below which it is currently consolidating, explains Axel Rudolph, senior technical analyst at Commerzbank. He estimates that a rally above the 77.00 high would strengthen the bullish bias and target 79.99 / […]
EUR / USD fails to exceed 1.1800 and falls back towards the lows of the month
Euro under pressure falls against the dollar and its European rivals. The DXY is trading sideways below 93.00. EUR / USD failed to return above 1.1800, after approaching that level in the Asian and European sessions. It then lost steam and fell to 1.1762, just one pip above this year’s low. The pair’s decline came […]
USD / CHF targets mid-July high of 0.9467 – Commerzbank
USD / CHF continues its climb towards the mid-July high of 0.9467 after nearly hitting the June 23 low of 0.9421, anticipates Axel Rudolph, senior technical analyst at Commerzbank. Key statements: “So far, USD / CHF has practically reached the June 23 low of 0.9421 above which the mid-July high of 0.9467 can be seen. […]
Additional losses expected below the 200-day SMA
EUR / USD continues to move well below the 1.18 level on Monday. The 200-day SMA, near 1.1860, now appears as the next hurdle to the upside. The EUR / USD move lower appears to have found decent support at the 1.1760 region so far, where a Fibonacci level is located from the November to […]
The next resistance on the upside is at the 93.00 level.
The DXY Index challenges the 2021 highs just below the 93.00 level on Monday. The next target to highlight is at the round level of 93.00. The USD looks to extend the move higher at the beginning of the week, although the DXY index is struggling to accumulate more bullish traction at the moment. A […]
Possibility of additional earnings as long as it remains above 128.00
EUR / JPY retraces Friday’s advance and falls below 129.00. The 128.00 region is expected to support the decline. The EUR / JPY cross starts the week with a soft tone, although it manages to recover from the previous daily lows reached in the region of 128.85 / 80. Meanwhile, as long as the cross […]
