USD/CAD – Can US Dollar Recover Above 1.3000 Vs Canadian Dollar?

Key Highlights The US Dollar faced a lot of selling pressure lately and moved below 1.3100 against the Canadian Dollar. There is a key bearish trend line with resistance at 1.3080 forming on the 4-hours chart of USD/CAD. Recently in the US, the FOMC meeting minutes were released, which failed to help USD/CAD in recovering above 1.3000-1.3050. Today in the US, the ...
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USD/JPY – US Dollar Approaching Crucial Break Vs Japanese Yen

Key Highlights The US Dollar remains in a downtrend against the Japanese Yen as long as below 111.40. There is a major bearish trend line with resistance at 111.40-50 formed on the 4-hours chart of USD/JPY. In Japan today, the Nikkei Manufacturing PMI for May 2017 posted a rise from 52 to 53.1. In the US today, the ADP Employment Change will be released by the Aut...
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GBPUSD – Can British Pound Stay Above 1.2850 Vs US Dollar?

Key Highlights The British Pound after struggling to remain above the 1.2950 resistance against the US Dollar moved down. The GBPUSD pair is trading above a major bullish trend line with support at 1.2870 on the 4-hours chart. Today in the UK, the British Retail Consortium (BRC) Shop Price Index for April 2017 (YoY) posted a decline of 0.5%. Today in the US, the a...
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Can Gold Price Maintain Bullish Bias Vs US Dollar?

Key Highlights There was a rise in Gold price towards $1260 against the US Dollar, suggesting positive signs. There is a nice bullish trend line with support at $1246 formed on the hourly chart of XAU/USD. This week’s NFP release on Friday may impact Gold price for a push either above $1260 or below $1240. Today, the US Initial Jobless Claims (March 31 week) wil...
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USDJPY – US Dollar Target Additional Gains Vs Japanese Yen

Key Highlights The US Dollar stayed above the 113.50 support against the Japanese yen, and look to extend gains. The USDJPY pair needs to clear a bearish trend line with resistance at 114.50 on the 4-hours chart to extend gains. Today in Japan, the Gross Domestic Product for Q1 2017 was released by the Cabinet Office, which registered a growth rate of 0.3%, vs the 0....
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AUDUSD – Aussie Dollar Forming Short-term Top Vs USD?

AUDUSD – Aussie Dollar Forming Short-term Top Vs USD? Key Highlights The Aussie dollar recovered well after trading as low as 0.7310 against the US Dollar. The AUDUSD pair is currently facing a major resistance near a couple of trend lines formed on the 4-hours at 0.7480-0.7500. Today in Australia, the Building Permits released by the Australian Bureau of Statisti...
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USDJPY – Japanese Yen Continued To Enjoy Gains Vs USD

USDJPY – Japanese Yen Continued To Enjoy Gains Vs USD Key Highlights The US Dollar traded this week with a bearish bias versus the Japanese yen, and traded below a major support area of 101.80. The USDJPY pair even broke a support trend line formed on the 4-hours chart to open the doors for more losses. Earlier today, the foreign investment in Japan stocks data wa...
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GBPUSD – British Pound To Continue Its Downtrend?

GBPUSD – British Pound To Continue Its Downtrend? Key Highlights British Pound weakened a lot vs the US Dollar recently and traded below the 1.4500 support area. There was a support trend line on the hourly chart of the GBPUSD pair, which was broken during the downside move. In the UK today, the PMI Construction will be released by the Chartered Institute of Purch...
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NZDUSD – NZ Dollar May Remain Under Bearish Pressure

NZDUSD – NZ Dollar May Remain Under Bearish Pressure Key Highlights             New Zealand dollar struggled this week against the US Dollar and may continue to trade down. NZDUSD traded below the 0.6950 support area and also broke a major support trend line on the hourly chart. In New Zealand, the Employment Change released by the Statistics New Zealand...
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AUDUSD Positive After Australia’s GDP Release

AUDUSD Positive After Australia’s GDP Release Key Highlights             Australian Dollar is trading higher and gained bids during the Asian session against the US Dollar. There was a resistance trend line formed on the hourly chart of the AUDUSD pair, which was broken during the upside drift. Today, the Australian Gross Domestic Product released by the...
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