The release of US ISM construction data sent the dollar index lower and the euro slightly stronger but the movement was short-lived The dollar index and euro could trade in the range of 106.50-105/104 and 1.0650-1.0750/08 for some time. The...
Good afternoon. I also thought that now the sellers have a lot of chances to start forming a medium-term decline. But in the end, they failed to hold their positions yesterday, and the buyers again actively moved up. Now their target for continuing...
Today, I plan to sell USD/JPY after it tests the 161.48 level, which is plotted as a red line on the chart. This level is expected to bring about a rapid decline in the price. For those looking to sell, the initial target will be 161.11. Once this...
AUDUSD MARKET ANALYSIS On Tuesday (July 2), the Australian dollar rose 0.1% against the US dollar to $0.6668. Powell said at a monetary policy meeting in Portugal that the United States has made significant progress on inflation as the economy...
General Points The movement of the NZDUSD market is very slow today, which has prevented traders from capturing many pips. It is currently trading at the 0.6072 level, which is a resistance level. However, when the Washington session opens, we will...