The Federal Reserve strongly influences the USD exchange rate.
Tag - usd
The US dollar index keeps trading within the $94-95 channel.
On the daily chart, USD/CAD keeps fighting for 1.3055. If bulls win, the pair will likely go towards the lower border of the uptrend channel.
The US dollar does not want to give up and remains close to the highs of 2018. America enjoys solid economic growth despite trade tensions with other countries.
On Monday, the evergreen buck didn’t change versus a group of other crucial currencies due to the fact that market participants were cautious ahead of a number of major banks gatherings this week, which could potentially help to spot the near-term market…
The US dollar index is above the psychological level at $94.50.
On the daily chart of AUD/USD, the attempt of bulls to trigger a “Bat” pattern and lead the pair out of the downtrend channel failed.
On the daily chart of NZD/USD, bulls tried to lead the pair out of the downtrend channel and trigger the “Bat” pattern but failed.
On Friday, the evergreen buck rallied because traders awaited data on the strength of the American economy for the second-quarter…
USD/JPY entered a dead area. Bulls are trying to return the pair inside the previous trade channel and continue the advance towards the 200% target of AB=CD.
On the daily chart of EUR/USD, the first attempt of bulls to lead the pair out of the descending triangle and trade channel failed.
On Thursday, the evergreen buck managed to ascend versus its counterparts…