AUDUSD – Aussie Dollar Struggle To Continue Vs US Dollar

Key Highlights The Aussie Dollar remained under pressure with resistance at 0.7550 and 0.7460 against the US Dollar. There is a monster bearish trend line resistance formed at 0.7540-50 on the 4-hours chart of AUDUSD. Today in Australia, the trade balance for March 2017 released by the Australian Bureau of Statistics posted a trade surplus of 3,107M. Today in the ...
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NZDUSD – New Zealand Dollar Poised For Gains Vs US Dollar

Key Highlights The New Zealand Dollar recovered well from the 0.6909 low against the US Dollar. A monster descending channel with resistance at 0.6970 on the 4-hours chart of NZDUSD was broken, opening the doors for more gains. Today in New Zealand, the Consumer Price Index for Q1 2017 (YoY) released by the Statistics New Zealand posted an increase of 2.2%. Today ...
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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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NZDUSD – New Zealand Dollar Struggle To Continue Vs USD

Key Highlights The New Zealand dollar declined heavily this week against the US Dollar, and moved below 0.7150. The NZDUSD pair broke a major bullish trend line and support at 0.7140 on the 4-hours chart to open the gates for more downsides. The US Manufacturing Purchasing Managers Index (PMI) for Feb 2017 released by the Markit Economics recently posted a decline fr...
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USDCAD – Canadian Dollar Eyes Employment Report For Recovery

Key Highlights The US Dollar was seen struggling near the 1.3200 resistance area against the Canadian dollar. There is a crucial bearish trend line at 1.3200-1.3210 on the 4-hours chart of USDCAD, acting as a hurdle for an upside move. In Canada, the employment Change figure for Jan 2017 will be released today by the Statistics Canada, forecast 0.0K vs 53.7K previous...
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EURUSD – Euro Back Higher, Testing Resistance Vs Dollar

EURUSD – Euro Back Higher, Testing Resistance Vs Dollar Key Highlights The Euro after trading as low as 1.0372 against the US Dollar started a recovery. The EURUSD pair is trading with a positive bias, and settled above the 100 hourly simple moving average. The pair is now approaching a resistance area near 1.0460-80. Today, the US Initial Jobless Claims will b...
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USDJPY – US Dollar Primed For Lift-Off Vs Japanese Yen

USDJPY - US Dollar Primed For Lift-Off Vs Japanese Yen Key Highlights The US Dollar traded higher against the Japanese yen, and remained above the 113.50 support. There is a monster bullish trend line formed on the 4-hours chart of USDJPY, which acted as a support on many occasions. Today in Japan, the Gross Domestic Product released by the Cabinet Office posted a r...
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NZDUSD – Can New Zealand Dollar Retain Traction Post RBNZ

NZDUSD – Can New Zealand Dollar Retain Traction Post RBNZ Key Highlights The New Zealand dollar after climbing a few pips above the 0.7400 level against the US Dollar failed. The NZDUSD pair is supported on the downside as long as the 0.7250 level is intact. Today, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand, and the central ba...
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USDJPY – Dollar Yen Awaits Economic Data; More Losses Eyed?

Key Highlights The US Dollar suffered losses recently, as it traded below the 104.00 support against the Japanese yen. There were two trend lines break noted on the 4-hours chart of USDJPY, which ignited a downside move towards 103.00. The US Initial Jobless Claims will be released by the US Department of Labor and forecasted to remain at 258K. The US ISM Non-Manu...
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GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next

GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next Key Highlights The British Pound recovered recently to trade above 1.2150 against the US Dollar. There is a crucial resistance formed near 1.2220-40, as a couple of bearish trend lines are positioned. Today, the UK preliminary Gross Domestic Product will be released by the National Statistics, which is forec...
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