If equity bears are having a tough time at present, euro bears have had a torrid time over the last few years, with each move lower acclaimed as the end of the single currency, which then promptly rises and continues to survive.
AUD/USD is testing a major support level, as seen on its daily time frame.
The downtrend on USD/CHF may soon be over as the pair already closed above the falling trend line on its daily time frame.
The AUD/USD pair fell during the session on Tuesday, showing significant resistance near the 0.90 handle.
The EUR/USD pair went back and forth on Tuesday, ultimately settling into a slightly negative candle.
Ahead of Janet Yellen becoming FED chair focus has turned to the USD dollar and whether it is now set for a period of sustained strength, and one reason offered by dollar bulls as to why it still hasn’t taken off is because the euro is even stronger!
The AUD/USD pair went back and forth during the session on Monday, ultimately settling nothing.
With markets having been given a more or less clear roadmap for the future of QE, and so removing a degree of uncertainty, it now only remains for us to monitor closely our benchmark charts, namely the USD index and the VIX , whilst keeping a close watch on price action and volume.
The last two weeks have been positive ones, and not just for equities, as gold bugs finally found something to celebrate with a return of some much needed bullish momentum.
The EUR/GBP continued to struggle at the 0.8750 area once again yesterday, ending the trading session with a doji candle, sending a clear signal of indecision at this level, which has been duly validated in this morning’s early trading session, with the pair retreating lower, and moving back below the 0.8700 region at the time of writing.
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