On Tuesday, the evergreen buck managed to ascend to a maximum of 11 months, while the common currency went down after American leader Donald Trump threatened to put fresh tariffs on the import of China’s goods, driving traders’ worries that a trade…
Tag - usd
Wednesday is full of speeches of central banks’ Heads.
Trade wars escalate, the AUD goes down, the JPY rises.
On the daily chart, USD/CAD almost reached convergence area of 1.3275-1.33 (200% and 127.2% targets of junior and senior AB=CD).
On Monday, the evergreen buck managed to leap versus other key currencies in the face of a divergence of monetary policies of the United States and the European Union…
The US dollar reached a seven-month high last week…
On Friday, the US dollar index couldn’t break the psychological level at $95 and it fell.
On the daily chart of AUD/USD, the pair couldn’t stick above the upper boundary of the downward channel that signals a bulls’ weakness.
On the daily chart of NZD/USD, bulls couldn’t break the resistance at 0.706 and pull the pair out the downward channel that signaled their weakness.
On H1, EUR/USD is near the convergence area (88.6% target of a “Shark”). This increases the risks of a pullback towards 23.6%, 38.2% и 50% of the wave CD. Use the correction for selling.
Wednesday and Thursday were important days for the greenback and the single currency because of Central Bank’s meetings.
The Federal Reserve surprised with its statement.