The Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6174, down 0.06% at the time of writing. Australian consumer sentiment falls for the second month in a row Australian consumers remain...
First, looking at the recent movements of the pair on the hourly chart, I can notice a general tendency for the pair to oscillate between support and resistance levels. Recently, there has been a noticeable bounce from a specific support zone, which...
EUR/USD Technical Analysis The EUR/USD currency pair remains in a downtrend on the 4-hour time frame. The market structure suggests that selling pressure is ongoing, as the pair is currently trading near the 50-day Simple Moving Average (SMA), which...
EUR/USD traded with marked gains and managed to briefly test the area beyond the 1.0300 hurdle on Tuesday, on the back of the weaker Greenback and rising caution ahead of Wednesday’s publication of US CPI readings.EUR/USD remains under pressure,...
USD/JPY Market Sentiment The USD/JPY market is showing a strong uptrend today. Both market sentiments determine the USD/JPY market price action, and the recently released US Headline PPI (MoM) and US PPI (MoM) data boosted the US dollar’s strength...
