AUD / USD cannot capitalize on its positive intraday move to more than a week high. RBA’s pessimistic expectations prevent bulls from opening aggressive new positions and limiting the pair’s rally. Cautious sentiment further pushes cash flows out of the higher perceived risk AUD. The pair AUD/USD has rapidly retraced more than 50 pips at […]
Tag: Foreign exchange
USD / JPY extends rebound and approaches 105.00, although it continues with a bearish bias
The dollar cuts losses throughout the market. Data from the US show that the recovery continues. USD / JPY is in recovery mode after falling to 104.54 hours ago and trading at 104.83, the highest level since the Asian session.. The rise is behind an improvement in the tone of the dollar that is cutting […]
GBP / USD retreats towards day lows after jumping to 1.3120
GBP / USD fails to sustain the bounce above 1.3100. Dollar in negative territory in the market but recovers moment in the American session. GBP / USD is trading without a clear direction on Friday. It recently climbed to 1.3123, but only to quickly retreat below 1.3100 towards the area of ​​the day’s lows. The […]
USD / MXN falls below 21.00 and tests September lows
Mexican peso among the best performers on Friday, driven, among others, by factors. USD / MXN aims to test 20.84, last month’s low. USD / MXN is falling for the fourth day in a row andIt is trading at 20.87, the lowest level in a month. The price points to the September lows that are […]
USD / CHF falls below 0.9050 amid dollar weakness
USD / CHF reverts after approaching 0.9100. Dollar weakness drives pair lower, which is approaching weekly lows. The USD / CHF extended its strong intraday retracement and fell as low as 0.9035, reaching the lowest level since Wednesday. It is approaching the weekly floor located at 0.9030. The pair was unable to capitalize on its […]
USD / CAD finds support above 1.3100 and cuts losses
Fall of the dollar in the market drags the USD / CAD. Loonie advances against the dollar but is behind against AUD and NZD. USD / CAD fell to 1.3108, hitting the lowest level in two days and then rebounded. It is trading at 1.3125, still with a bearish bias, but with the dollar regaining […]
EUR / USD extends bounce from 3-day lows to 1.1855 area
Euro cuts losses on Thursday against the dollar. The greenback retreats as stocks on Wall Street point higher. EUR / USD is rising on Friday and has just hit highs for the day at 1.1853. It is trading at 1.1845, close to the highs and with the bullish tone intact, although slowed down by the […]
The 6-month resistance line at 93.40 limits the rise
The DXY index fails to extend the bounce beyond the 93.00 level. The 6-month resistance line near 93.40 continues to limit gains. The DXY index runs out of steam at the 93.10 region on Friday after a failed attempt so far to extend Thursday’s decent recovery. If the bulls regain control, then the next intermediate […]
100-day SMA near 123.50 offers support
The EUR / JPY slide finds support near 123.50 so far. Immediately to the upside is the hurdle at 125.00. The EUR / JPY’s corrective slide, from Monday’s highs around 125,000, finds decent support around the 100-day SMA at the 123.50 zone. If sellers continue to push down, then the monthly lows near the 123.00 […]
AUD / USD rises highs in a week to the zone of 0.7155
Aussie gains momentum against the dollar amid optimism in markets. AUD / USD extends bounce from around 0.70. AUD / USD is rising again after Thursday’s pause, picking up the rebound from almost a month’s lows on Tuesday. The price climbed to 0.7157 on Friday, the highest level since October 15. The Bullish tone is […]
