On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
Tag - usd
On H1, bulls get ready to break the resistance at 0.6825.
Let’s start with a look at the economic calendar for the upcoming days.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
On the daily chart of EUR/USD, the downward triangle is forming.
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
It’s a forecast for July 19.
The US dollar index managed to break the psychological level at $95.
On Wednesday, the evergreen buck managed to jump because Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his Tuesday’s semi-annual congressional testimony…
The situation in the economic world is unstable, however, the Japanese yen does not rise.