David Song
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USD/CAD Fails to Defend April Low Ahead of Fed Rate Decision
Developments coming out of the Federal Reserve may sway the near-term outlook for USD/CAD as it fails to defend the April low (1.3301).
AUD/USD Forecast: Post-RBA Rally Eyes May High
AUD/USD may attempt to test the May high (0.6818) as it carves a series of higher highs and lows.
Gold Price Outlook Hinges on Fed Rate Decision
The price of gold may track the monthly range ahead of the Fed rate decision on June 14 as it pulls back from a fresh weekly high ($1973).
USD/JPY Ranges in Ascending Channel After Failing to Test May High
USD/JPY may consolidate ahead of the Fed rate decision on June 14 amid the failed attempt to test the May high (140.93).
EUR/USD Outlook: June Opening Range Intact For Now
EUR/USD may struggle to retain the rebound from the May low (1.0635) if it fails to defend the monthly opening range.
USD/CAD Forecast: BoC Interest Rate Decision Takes Spotlight
The Bank of Canada (BoC) interest rate decision may prop up USD/CAD as the central bank is anticipated to keep the benchmark interest rate on hold.
AUD/USD Susceptible to Failed Test of 50-Day SMA
The recent rebound in AUD/USD appears to be stalling ahead of the 50-Day SMA (0.6663) as it struggles to extend the series of higher highs and lows from last week.
USD/JPY Post-NFP Rebound Puts June Opening Range in Focus
The post-NFP rebound puts the opening range for June in focus as USD/JPY snaps the series of lower highs and lows from earlier this week.
Gold Price Rebound Brings Test of 50-Day SMA
Failure to trade back above the 50-Day SMA ($1992) may undermine the recent rebound in the price of gold as the moving average no longer reflects a positive slope.
USD/CAD Rate Outlook Rests on Test of April High
USD/CAD may stage further attempts to test the April high (1.3668) as it snaps the series of lower highs and lows from last week.
EUR/USD Forecast: All Eyes on Euro Area CPI, US Jobs Report
Key data prints coming out later this week may sway EUR/USD as both the ECB and FOMC continue to combat inflation.