AUDUSD slides to lowest point since early July
AUDUSD fell to its lowest since early July after breaking below multiple swing areas. Sellers remain in control until key resistance is reclaimed.
USD/JPY suddenly dipped at an unusual time, sparking speculation of intervention or a fat finger error.
Is this an intervention?
The timing of the rapid decline in USD/JPY is unusual for this hour.
Social media memes have been circulating heavily today as the United States appears to be losing grip on the bond market, and that loss of control is reflected in USD/JPY.
The strange part is that there was no significant level or pressure preceding this move. A fat finger error could be the cause, though intervention certainly looks plausible.
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AUDUSD fell to its lowest since early July after breaking below multiple swing areas. Sellers remain in control until key resistance is reclaimed.
Dollar weakness pushed USDJPY and USDCHF below hourly moving averages, while USDCAD's pullback brought its trendline into focus.
Dollar index climbs to three-month high; EURUSD dips below 1.1300 as Treasury yields remain elevated.
The US dollar hit a three-month high as Treasury yields surged, with EUR/USD breaking below key support near 1.1300.