This is the third and the final release of American GDP growth in the first three months of the year.
Tag - usd
On the daily chart, the first attempt of GBP/USD to break above the downtrend channel failed.
On H1 of USD/CHF, bears are testing the lower border of the uptrend channel. Success will increase the odds of triggering the “Bat” pattern with a target at 88.6%.
The United States will release durable goods orders at 15:30 MT time on June 27.
A lot of comments from authoritative financial institutions.
On Tuesday, the evergreen buck went down versus the Japanese yen during the Asian trade because worries as for the intensification of the struggle between America and its trading partners kept reducing risk appetites…
On the daily chart, USD/CAD reached 127.2% and 200% targets of the senior and junior AB=CD. This increases the risks of a reversal.
The US dollar index is trading near the psychological level at $94.
This is the weekly Forex report by FBS…
On the daily chart, AUD/USD is forming 5-0 and AB=CD patterns. After reaching an interim target at 127.2% of the latter, there was a natural pullback. Bears keep hoping to reach 161.8% target.
On the daily chart of NZD/USD, a pin bar let bulls to counterattack. They are trying to form a double bottom and return the situation under control.
On Monday, the US currency declined to a two-week minimum versus the Japanese yen because a latest flare-up in global trade worries affected investor risk appetites and suppressed American yields…