US 30

The Dow (US 30) pushes for a fresh record The Dow edged higher after tech stocks maintained the rally on Wall Street. A sign of exhaustion could emerge as the RSI ventures into the overbought territory again. Sellers have faded out as…
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AUDUSD preparing for resistance The Australian dollar took another step higher as interest in the greenback continued to falter. Price action remains limited to the upside below 0.6600. However, the recent 100 pip jump has given hope…
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EURUSD continues higher The euro grinds higher as consumer price growth meets market estimates in October. The current sideways action suggests that the bulls are looking to hold onto their recent gains after a breakneck rally. The top…
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USDCHF seeks support The US dollar plunged after weak NFP cemented expectations that the Fed would hold interest rates steady. A drop below the closest support of 0.9010 led to a liquidation of intraday long bets. 0.8950 is the next…
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AUDUSD tries to rebound The Australian dollar inched higher after September’s retail sales shot above expectations. The pair is still grinding its 12-month low of 0.6270 as the medium-term bulls try to avoid a deeper correction. Its…
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USDCHF looks for support The US dollar drifted lower as Treasury yields pulled back from its 16-year high. The greenback has retraced half of its gains from the summer rally and is striving to hold onto its edge at the round number of…
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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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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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GBPUSD probes resistance The pound inched higher as GDP growth beat expectations in the second quarter. The pair is looking to find a bottom after a 10-week long retracement with the daily RSI deeply sunk into the oversold zone. A…
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USDCAD tries to stabilise The Canadian dollar gave back gains after a modest increase in retail sales in August. The latest rebound came to a halt in the supply zone 1.3520 from a previous bearish breakout. A close back above this…
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