AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/NZD: waiting to test fresh highs
2019-11-11 • Updated
AUD/NZD has been correction a cycle from September and it’s now being supported by the demand zone established between the 1.0921 and 1.0892 levels. Around that area, buyers could appear to push higher the pair to test new highs. Next target lies at the Fibonacci level of -23.6% at 1.1064, while to the downside, bullish outlook could get invalidated with a consolidation below 1.0866.
RSI indicator is trapped in the neutral territory.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.