The currency pair has pulled back after reaching a high of 157.80, edging down to trade around 157.11 at the time of writing. The pair's inability to sustain higher levels is attributed to broad US Dollar weakness and a drop in the US 10-year...
Technical analysis of USDCAD Today we will perform a technical analysis on USD/CAD. USD/CAD is the main currency pair in the foreign exchange market. The market is currently between our support and resistance levels. USD/CAD remains bearish and is...
Date: 2nd January 2025. The USD Retraces But Can The AUDUSD Correct To 0.62320? Conclusion: *The US Dollar Index rose to its highest price since November 6th 2022 before the markets closed for New Years Day. *The Australian Dollar is the...
The EUR/USD pair is currently trading below the daily pivot level of 1.0375 at the start of the European session. The U.S. dollar remains strong, holding at two-year highs, and the market's expectations for a Fed rate cut have weakened, providing...
Technical analysis of USDJPY Today I will start technical analysis on USD/JPY. The market is currently in a downtrend, and the trend line is helping it enter a downtrend. The market is currently trading below resistance at 157.99 and above support...
