USD/CNH has been steadily declining since the start of October on hopes that the United States and China would take steps towards some kind of a trade deal.
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The USD is feeling fine. Discover the key technical levels for EUR/USD, GBP/USD, USD/JPY, and other pairs.
Gold had a steep drop on Thursday against the USD, however Friday starts with a strong potential for the bulls
The reports that China is ready to negotiate with the US on the possible cancellation of tariffs have pushed the risk-weighted currencies up.
Technical analysis of the USD/CAD
Traders worry about the prospects for the US-China trade deal and await the meeting of the Bank of England. Watch the video to learn more!
USD/CHF is supported by the 50-day MA at 0.9917. The doji candlestick that formed on the D1 yesterday signals the market uncertainty.
The USD and the EUR rising against the CAD; the NZD/JPY testing the support level.
USD/TRY has broken above the descending wedge. It is currently testing levels above the 50-day MA at 5.7372.
The US got a boost from positive US economic figures and optimism about the potential US-China trade deal. Learn more!
While the market is boosted by the optimism concerning the US-China trade deal, we are awaiting the Canadian and New Zealand's data.
Technical analysis of USD/CHF