Market Analysis for AUDUSD currency pair. On Thursday (July 11), the Australian dollar continued to rise cautiously against the US dollar, closing up 0.2% at 0.6759, and the highest intraday hit 0.6798. The US CPI unexpectedly...
Let's talk about the USD currency pair. Let's go straight to the chart and start with the daily time frame to get a broader view of the market. The chart is showing that there was a double bottom chart pattern formed in the previous price decline,...
Today, I propose to consider the AUDUSD currency pair once again - the daily period of the chart. For many days in a row, the price here was sawing fences and last week a powerful trend of weakening the American dollar broke out almost across the...
As of now, the price of the EUR/USD currency pair sits at 1.0737. Here’s the key takeaway: the current upward trend would only be considered canceled if the hourly price chart closes below 1.0710. Conversely, if the price remains above 1.0710, and...
EUR/USD: EUR/USD has gained ground as traders focus on U.S. inflation data. In the EU, traders looked at Germany’s inflation reports. Germany’s Inflation Rate declined from 2.4% in May to 2.2% in June, in line with analyst estimates. If the U.S....