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AUDJPY – Aussie Dollar Testing Resistance Zones Vs Japanese Yen

Key Points

  • The Aussie Dollar after finding support near 85.00 against the Japanese yen traded higher.
  • The AUDJPY pair is currently facing resistance near a couple of trend lines at 85.50 and 85.60 on the hourly chart.
  • Today in Australia, Read More →

Draghi To Be Dull; Sell EUR/USD On Any Bullish Reaction – BofA Merrill

We expect Draghi this week to try to avoid any expectations on further policy changes. The dominant theme in Europe recently has been the acceleration in inflation and real economic activity (Chart of the Day), which ex post seems to Read More →

Pound recovers on May’s Brexit outline, USD looking for clues as Yellen set to speak today

The US Dollar index slipped to below 101 levels yesterday and is currently trading at 100.64. The Dollar looks as if its taken a pause ahead of Janet Yellen’s monetary policy speech expected later today. The public will be screening Read More →

EURUSD – Euro Poised For Break Above 1.0720 Vs Dollar

Key Points

  • The Euro managed to gain bids recently against the US Dollar, and moved past 1.0650.
  • The EURUSD pair remains supported on the downside near a bullish trend line on the hourly chart at 1.0660.
  • Today in the Euro Read More →

AUDUSD – Aussie Dollar To Test 0.7560 Soon Vs USD?

Key Points

  • The Aussie Dollar is trading higher at the moment against the US Dollar, and may test 0.7560.
  • There was a bearish trend line on the hourly chart of AUDUSD, which was broken at 0.7485 recently for a move Read More →

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