AUDUSD and NZDUSD recover as sellers fail to hold key breaks
NZDUSD and AUDUSD rebound after sellers fail to sustain breaks below key support, with buyers now needing to reclaim broken levels to confirm control.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
NZDUSD and AUDUSD rebound after sellers fail to sustain breaks below key support, with buyers now needing to reclaim broken levels to confirm control.
USDJPY rose to 155.21 but stalled at the 200-hour moving average and swing area, then fell to 154.39. Sellers remain in control as buyers failed to break…
Consistent use of technical tools helps traders define bias, manage risk, and set targets. USDCAD moved above the trendline and 50% retracement, but faced…
USD/JPY rose 134 pips, briefly exceeding 155.00, as intervention-related short-covering unwound and yen shorts cleared, with the Treasury Secretary's "house"…
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EUR/USD's 1.1550 expiry, near the 100-day MA, may cause choppy trading; larger strikes at 1.1500/1.1600 cap moves.
The yen has risen nearly 4% this month ahead of Fed and BOJ meetings, with rate decisions set to determine its next move.
Reuters poll shows PBOC expected to set USD/CNY midpoint at 6.7083, with fixing closely watched for policy signals on yuan pace.
Forex prices were little changed at Monday's open. Crude may be boosted by Iran's statement that a Hormuz meeting with Gulf states was postponed.
USDCAD bounced from moving average support but stalled at a descending trendline, setting up a key technical battle for next week.
The US dollar traded mixed ahead of the August CPI report. Treasury yields held high while stock futures rebounded, and oil fell on diplomatic hopes.
The BOJ is set to raise rates by 25bp next week, but the central bank gives no clear signal on further hikes, leaving markets focused on pace and terminal rate.
Reuters sees PBOC's USD/CNY reference rate at 6.7174, with the fixing viewed as braking the yuan's pace rather than reversing its uptrend.
EURUSD rebounded from 1.1593 after strong US PPI data, aided by ECB rate hike. The pair now tests the 200-day moving average at 1.16321.
The dollar strengthened against major currencies as Treasury yields rose ahead of the US PPI report and ECB decision. Markets also monitored geopolitical…