Extent of Aussie Rally is…Bearish?
Historically, 3 day AUDUSD rallies of at least 5% are BEARISH. Near term levels of interest are 10185 and 10140.
Historically, 3 day AUDUSD rallies of at least 5% are BEARISH. Near term levels of interest are 10185 and 10140.
Yen crosses have reached levels that served as support and resistance throughout the last 2 months. At least a near term reaction lower is expected
The Dow Jones FXCM Dollar Index was off by more than 1% in North American trade as global headlines and strong US data drove risk to new highs. Here are the levels to watch as the greenback looks to consolidate ahead of NFPs.
Manufacturing in the world’s largest economy is expected to expand at a faster pace in November and the ISM report could generate a bullish reaction in the USD as the data instills an improved outlook for future growth.
The greenback appears to be regaining its footing following the sharp selloff from earlier this morning, and we may see the reserve currency trade higher throughout the North American trade as it remains heavily oversold.
Increased efforts by global central banks to ensure free flowing liquidity sparked a massive global rally in risk with the dollar coming under substantial pressure as higher yielding assets surged. Here are the key levels to watch on the aussie and the yen.
Increased efforts by global central banks to ensure free flowing liquidity sparked a massive global rally in risk with the dollar coming under substantial pressure as higher yielding assets surged. Here are the key levels to watch on the aussie and the yen.