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USDCHF in consolidation The US dollar stays muted over lacklustre manufacturing and services PMI. The bullish bias remains intact as the greenback consolidates its gains around parity. Buyers may see the sideways action as an…
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AUDUSD attempts to recover The Australian dollar finds support as the RBA minutes suggest more rate hikes to come. An oversold RSI on the daily chart shows exhaustion in the sell-off. A tentative break above 0.6340 has prompted some…
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AUDUSD consolidates The Australian dollar steadied after the RBA minutes hinted at a slowdown in hikes. A lack of support for the recent rebound is a sign that the bulls struggle to hold onto their gains. A drop below the daily support…
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USDJPY consolidates gains The Japanese yen bounced after the government hinted at intervention to support its currency. The dollar gained momentum after it cleared the previous top at 139.30. However, it soon came under pressure at the…
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EURUSD consolidates gains The US dollar treads water over lower inflation expectations. The euro gained traction after it bounced off the key support (1.0350) on the daily chart. A pop above 1.0500 has prompted short-term sellers to…
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EURUSD hits resistance The US dollar bounces back ahead of inflation data later in the week. A bullish MA cross on the daily chart suggests that the recovery may have picked up speed. Even though the rally had come under pressure in…
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USDJPY struggles for support The yen inched higher after Japan’s CPI beat expectations in May. A fall below the daily support at 127.00 has prompted more buyers to bail out. This confirms the pair’s overextension over the past few…
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USDJPY breaks higher The yen nosedived after the Bank of Japan vowed to keep its interest rates ultra-low. The dollar’s surge above the top range (129.30) of the recent consolidation forced early sellers to cover and switch…
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NZDUSD consolidates gains The New Zealand dollar inched higher supported by roaring commodity prices. A break above the daily resistance at 0.6890 has put the kiwi back on track in the medium term. A bullish MA cross on the daily…
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