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Forex News

USD/JPY: Critical support at 106.65

Japan’s April Machine Tool Orders collapsed to -48.3% while the USD/JPY pair is trading around the 50% retracement of its latest daily advance, measured between 106.14 and 107.76, NDDFX’s Chief Analyst Valeria ...

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Forex News

EUR/USD grinding up from critical support towards firm resistance structure

EUR/USD is heading into a key resistance level ahead of US jobs date Friday. Markets are showing cautionary optimism over easing of lockdown measures.  Bears looking for a break of the late April lows down at 1...

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Forex News

Approaching the critical 110.00 area

The USD/JPY pair has broken above the 61.8% retracement of its February/March slump at 108.00, holding on to gains, Valeria Bednarik from NDDFX reports. Key quotes “The 4-hour chart shows that the pair is devel...

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Forex News

AUD/USD mirrors commodity and EM complex of which are testing critical technical resistance

AUD/USD struggles to maintain form on coronavirus updates scare. Risk hangs in the balance of coronavirus headlines and commodity complex meets a threshold.  AUD/USD is currently trading at 0.6727 and between ...

AUD/USD ???????????? ?????? 0.6990
Forex News

AUD/USD bulls anxious at critical support ahead of Fed, looking for run to 0.6780/20

RBA likely on hold gives some support to AUD that is otherwise in freefall below H&S. CPI data is supportive of AUD, but not supportive enough, yet, for RBA. AUD/USD bulls seeking the 0.68 handle but need t...