US Dollar Forecast: USD/JPY Bull Flag Under Threat with Fed on Tap
USD/JPY appears to be negating a bull-flag formation as it tumbles to a fresh weekly low (146.07).
US Dollar Forecast: EUR/USD Halts Six-Day Selloff Ahead of US NFP
EUR/USD bounces back from a fresh monthly low (1.0755) to halt a six-day selloff.
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).
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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.
USD/JPY Forecast: RSI Flashes Overbought Signal for First Time in 2023
The move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in USD/JPY like the price action from last year.
AUD/USD Breaches March Low to Bring November Low on Radar
AUD/USD may continue to pare the advance from the November 2022 low (0.6272) as it clears the March low (0.6565).
USD/CAD Rate Climbs Above 50-Day SMA to Eye Monthly High
USD/CAD may continue to retrace the decline from the monthly high (1.3640) as it climbs back above the 50-Day SMA (1.3529).
Gold Price Forecast: Bullion Susceptible to Test of April Low
The price of gold may attempt to test the April low ($1950) amid the failed attempt to trade back above the 50-Day SMA ($1991).
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NZD/USD Rate Outlook Hinges on RBNZ Rate Decision
The RBNZ interest rate decision may keep NZD/USD afloat as the central bank is expected to further embark on its hiking-cycle.
USD/JPY Rally Fizzles with RSI Reversing Ahead of Overbought Zone
Developments in the RSI raises the scope for a larger pullback in USD/JPY as the oscillator reverses ahead of overbought territory.
EUR/USD Outlook: Break of April Low Pushes RSI Toward Oversold Zone
EUR/USD extends the series of lower highs and lows from the start of the week to take out the April low (1.0788).
Gold Price Vulnerable After Failing to Defend Monthly Opening Range
The price of gold registers a fresh monthly low ($1975) as it carves a series of lower highs and lows.
USD/JPY Reverses Ahead of Monthly Low to Eye 200-Day SMA
USD/JPY approaches the 200-Day SMA (137.04) after bouncing back ahead of the monthly low (133.50).
Oil price outlook mired by failure to test 50-Day SMA
The price of oil appears to be reversing course ahead of the May high ($76.69) amid the failed attempt to test the 50-Day SMA ($75.14).