AUD/USD Price Prediction: Approaches the nine-day EMA threshold around 0.6950

Australian Dollar rises as RBA expresses worries about inflation

AUD/USD Outlook: Bearish Bias Persists The AUD/USD pair climbed a bit after experiencing a 0.5% dip the day before, sitting around 0.6930 during Tuesday’s Asian trading session. A look at the daily chart indicates that this pair is still caught in a descending channel, which leans towards a bearish sentiment. In the short term, it […]

US Dollar Index Price Outlook: Approaches 23.6% Fibo./weekly low beneath 101.00

US Dollar Index remains under 97.00 after China called for limits on Treasury holdings

The dollar index (DXY), which measures the dollar against a selection of currencies, continued to decline from the previous day’s range of 101.25-101.30, triggering additional selling on Thursday. It reached a new weekly low during early trading in Europe, currently sitting around 100.90, down over 0.15% for the day. Looking at the technical aspects, the […]

EUR/JPY Price Outlook: Approaches symmetrical triangle resistance above 185.50

EUR/USD holds steady over 1.1800 before Eurozone CPI and US data

The EUR/JPY exchange rate stayed steady after showing slight gains the day before, hovering around 185.60 during Thursday’s Asian trading session. It seems to maintain a generally positive trend since it’s trading above the moving average. Additionally, the 9-day exponential moving average (EMA) is above the 50-day EMA, which might indicate that bullish momentum is […]