The AUD/USD currency pair experienced a slight decline against the USD as US Treasury yields made a recovery, lending support to the Greenback. However, market expectations of a more dovish stance from the Federal Reserve (Fed) following soft inflation data from June suggest that the pair is poised for further
Introduction The AUD/USD currency pair has been experiencing intriguing price action in recent trading sessions, forming an ascending triangle pattern. This technical formation, marked by a dashed black line, suggests a potential breakout in the near future. The upper resistance bound aligns with the psychological level of 0.6700, while the
Introduction The foreign exchange market has been closely monitoring the movement of the USD/JPY exchange rate, with recent fluctuations causing market participants to express caution. The rate recently approached 145.00, a level that triggered an intervention by Japanese authorities last year for the first time in over two decades. As
The GBPUSD currency pair showcased a remarkable upside rally earlier today, gaining momentum after consolidating above the critical support level at 1.2680. Traders and investors are now eyeing fresh highs as the pair demonstrates resilience to the impact of the slightly hawkish Federal Open Market Committee (FOMC) minutes released last
The AUD/USD currency pair is currently experiencing intriguing price action as it trades within an ascending triangle formation. This pattern, represented by a dashed black line on the chart, is characterized by a series of higher lows and a relatively flat upper resistance bound, aligning with the psychological level of
Introduction USD/JPY, the currency pair representing the US dollar against the Japanese yen, has caught the attention of market participants as it engages in several days of sideways trading. This pattern suggests a possible pause in bullish momentum, raising questions about the next move for this influential currency pair. Notably,
Introduction The GBPUSD currency pair experienced a noteworthy upside rally earlier today, following a period of consolidation above the key support level at 1.2680. Traders and investors are closely observing the price action, which suggests the potential for the pair to achieve fresh highs. This positive momentum remains intact despite
Introduction The AUD/USD currency pair has recently experienced a period of range-bound movement, failing to penetrate significant support levels toward the end of the previous week. Traders and investors are closely monitoring the pair’s behavior, particularly around the breakpoints at .6574 and 0.6565. This article examines the potential implications of
Introduction The USD/JPY currency pair has experienced a remarkable surge in recent weeks, breaking free from a period of consolidation below the 141.00 handle in the first half of June. This bullish momentum has driven the pair to rally over 300 pips, breaching the psychological barrier at 145.00. In this
The GBP/USD currency pair, known as the cable, has recently displayed notable price action on its daily chart. Traders have closely observed the pair’s movement, particularly around the critical support level of 1.2680. Despite minimal data available today and the absence of US trade, the cable has managed to hold
The AUD/USD Pair: A Stagnant Range and the Battle for Support The AUD/USD trading pair has entered a period of stagnation, with recent attempts to break through crucial support levels falling short. Following last week’s trading session, where the market was unable to penetrate the breakpoint supports, the pair remains
Introduction The USD/JPY currency pair has witnessed a remarkable rally, surging more than 300 pips in recent weeks. After consolidating below the 141.00 handle during the first half of June, the pair has shown significant strength, pushing closer to the psychological resistance level of 145.00. In this article, we delve