Intraday Trading

USDCAD consolidates gains The Canadian dollar stalled after a slowdown in September’s CPI. On the daily chart, overall sentiment has significantly improved following a series of swing highs. The pair is still striving to consolidate…
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NZDUSD tests critical floor The New Zealand dollar stalled as CPI readings in the Q3 fell short of estimates. The pair is striving to hold onto its October rebound as the bid revisits the bottom at 0.5880. As the RSI sank into the…
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USDCHF struggles for support The Swiss franc rallied after a slower decline in producer and import prices suggested inflation pressure. The pair has been trying to stabilise above 0.8990 at the base of a bullish breakout candle in late…
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AUDUSD turns south The US dollar soared after consumer price growth beat expectations in September. The aussie had recouped most of the losses from the sell-off near the end of September. However, the peak of the previous rebound at…
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USDCHF probes support The US dollar drifts lower as month-on-month producer prices continue to ease. The pair is still pulling back in search of buyers after lifting offers near June’s high of 0.9120. 0.8990 at the base of a bullish…
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NZDUSD lifts recent high The US dollar softened after the Atlanta Fed president’s comment that there is no need to push rates higher. The pair has recovered from its late September sell-off, which is a strong sign that buyers are not out…
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USDJPY hits resistance The US dollar retreats as traders put faith in a softer labour market after a higher jobless rate. The price has clawed back some of the losses from last week’s liquidation and a close above the immediate…
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EURUSD snaps back The US dollar turned south after wage growth slowed down in September. A near three month long retreat has dented the market’s optimism about the euro but an oversold situation on the daily chart could present an…
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EURGBP awaits breakout The euro dipped as ECB policymakers reaffirmed the peak rate in the current tightening cycle. Sentiment has improved after a tentative break above July’s peak of 0.8700. The pair is now consolidating its gains over…
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USDCHF consolidates gains The US dollar tries to hold on to its gains as traders await September’s nonfarm payrolls. A close back above the recent peak of 0.9220 was an indication of a persistently upbeat mood as buyers doubled down on…
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