EURAUD

Daily Currency Update The Aussie dollar is slightly weaker this morning when valued against the greenback. On Friday the Australian dollar dropped against the US Dollar following the release of a positive employment report in the United States which showed an increase in wages, pressuring the Federa

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

Prices are on bullish momentum and abiding by our ascending trendline support. We see the potential for a bounce from our buy entry at 1.10025 in line with 61.8% Fibonacci Projection towards our Take Profit at 1.11293 in line with 78.6% Fibonacci Retracement . Ichimoku clouds are forecasting the bul

Review and preview Investors are trying to assess how officials will balance the need to tame inflation with concerns over a potential recession. U.S. consumer inflation accelerated to 9.1% in June, a pace not seen in more than four decades, boosting expectations among traders that the Federal Reser

We're still looking at the rise of EURUSD We should see price reaching 1,0660 before the exhaustion. Right now, all buying setups are just short term positions but above 1,0660 is where we have a sell zone. These are the levels that we will look at in the next analyzes.

On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1.020, in line with the Fibonacci confluence levels which presents an opportunity to play the drop to the next support target at 1.000. The 1.000 support zone also coincides with the 100% Fibonacci extension and 61.