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AUDCAD looks ready for fresh intraday losses

daily-forecast The Australian dollar performed better than the Canadian dollar for some time, but recently the latter one has gained a lot of traction against most major currencies. So, I think the AUDCAD pair is also likely to continue trading lower in the short term, and to support that view it has breached an important support area around the 1.0150 level. So, [Read more...]

US Dollar Continues to Outperform; Correction Ahead?

dollar It was the US dollar show in August, as most other major currencies traded lower against the US dollar including the Euro, the British pound and the Japanese yen. The economic data impressed the investors and as a result the US dollar was bid across the board. There were a couple of important economic releases scheduled during the last two days, which [Read more...]

AUDUSD – Buying With A Break Preferred

daily-forecast The Australian dollar was seen consolidating against the US dollar. The AUDUSD pair recently traded below the 0.9300 support level, and now trying to settle back above the mentioned level. I think there is a chance that the pair might trade a bit higher from the current levels in the short term. So, we should be looking for buying opportunities moving [Read more...]

USDJPY Might Correct Lower In short Term

daily-forecast The US dollar jumped sharply against most major currencies, including the Japanese yen. The FOMC meeting minutes acted as a catalyst for the USDJPY pair, as it traded close to the 104.00 level. It is currently consolidating, and I think there is a strong chance of short-term correction towards the 103.40 level. So, selling Intraday looks like a good [Read more...]
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