AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike

AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike Key Highlights The Aussie dollar broke a crucial support area at 0.7450 against the US dollar to ignite a downside move. There was a crucial bullish trend line formed on the 4-hours chart of AUDUSD, which was broken to open the doors for a bearish wave. The Fed interest rate was announced y...
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AUDUSD – Downside Pressure Remain Intact On Aussie Dollar

AUDUSD – Downside Pressure Remain Intact On Aussie Dollar Key Highlights Aussie dollar started the week on a negative note against the US Dollar and may continue to weaken. The AUDUSD pair is currently following a bearish trend line on the hourly chart, which is acting as a resistance. The Australian New Motor Vehicle Sales released by the Australian Bureau of Sta...
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EURUSD – Euro Poised For Declines Versus US Dollar

EURUSD – Euro Poised For Declines Versus US Dollar Key Highlights The Euro after completing a corrective rally against the US Dollar found sellers and started to move down. There was a monster resistance area around the 1.1160-80 levels, which acted as a barrier for the Euro bulls and pushed the EURUSD pair down. In the US today, the NAHB Housing Market Index will...
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USDCAD – US Dollar Setting Up For More Losses Against CAD?

USDCAD – US Dollar Setting Up For More Losses Against CAD? Key Highlights The US Dollar moved down against the Canadian dollar, and it looks poised for more declines. There was a major bullish trend line formed on the 4-hours chart of the USDCAD pair, which was broken during the downside move. In the US, the Consumer Price Index will be released by the US Bureau o...
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AUDJPY – 80.00 Represents Major Resistance For Aussie Dollar

AUDJPY – 80.00 Represents Major Resistance For Aussie Dollar Key Highlights Aussie Dollar managed to find bids recently near 78.60 vs the Japanese yen and traded higher. However, the AUDJPY pair is facing resistance near a bearish trend line formed on the hourly chart. In Australia, the minutes of the Reserve Bank of Australia meetings were published, which pushed...
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