USD
Dollar pairs were in consolidation due to the lack of top-tier data and positioning ahead of the FOMC statement.
GBPJPY had been trading below a descending trend line on its 4-hour time frame earlier this year before an upside breakout took place, signaling a potential reversal
USD
The US dollar was able to advance against most of its forex peers, except for the British pound.
USDJPY broke out of its double bottom formation on the 1-hour time frame, signaling that a reversal from the previous downtrend is about to take place.
USD
The US dollar was able to hold on to its gains and go for more when risk aversion extended its stay in the financial markets.
AUDUSD has been trending higher and moving inside an ascending channel on its 4-hour time frame.
USD
The US dollar managed to take a break from its dive in yesterday's sessions, as risk aversion returned to the markets.
NZDUSD has been trending higher recently, moving above an ascending trend line on its 4-hour time frame.
USD
The US dollar continued to lose ground against its forex peers as data came in weaker than expected again.
GBPUSD has been moving sideways on its 4-hour chart, bouncing off support at the 1.4050 minor psychological mark and finding resistance at the 1.4450 minor psychological level.