The U.S. dollar touched a six-week peak versus the yen on Tuesday as forex traders dismissed sour U.S. economic data and anticipated that the Federal Reserve would prepare markets for an interest rate increase in June in its Wednesday statement.

Key Points

• The Aussie Dollar after moving towards the 0.7550 level found sellers and moved down.
• The AUDUSD pair broke two bullish trend lines with support at 0.7530 and 0.7525 on the hourly chart.
• Recently in Australia, the AiG Performance Read More →

Key Points

• The Euro remained in the bullish trend against the US Dollar with support on the downside at 1.0885.
• The EURUSD pair recently broke a bearish trend line with resistance at 1.0910 on the hourly chart.
• Recently in the Read More →