USD/CAD Price Outlook: 200-day MA Holds Ahead of US CPI Release

AUDUSD rebounds off 0.6360 Bullish doji indicate upside correction MACD and RSI tick higher AUDUSD is heading upwards after the bullish doji candle that has been posted last Friday, adding almost 3%. The market is challenging the short-term simple moving averages (SMAs), switching the outlook to a neutral one. The technical oscillators are suggesting more […]

AUDUSD extends pullback from four month high (0.6690) into second straight day, additionally pressured from decision of Australian Central Bank to keep interest rates unchanged. Although the RBA’s statement kept hawkish bias, traders were disappointed and continued to sell Aussie dollar. Fresh weakness broke below 200DMA (0.6578), to further soften near-term structure for attack at […]

Like other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve’s updated forecasts last week. Stock market expectations point to only one interest rate cut this year, most likely in December. Earlier, some American monetary policymakers confirmed these expectations, calling them reasonable. The […]