AUDUSD has previously made a strong break below support at the .8100 major psychological level and dipped below .7900 at the start of this trading week.
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The US dollar regained a bit of ground against the yen but gave up some of its wins to the euro and the pound.
USDJPY didn’t complete its recent double top pattern and instead bounced off support around the 117.25 level.
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After the strong forex moves last week, profit-taking was seen on Friday as the US dollar gave back some of its recent gains.
USDJPY’s short-term climb might soon be reversed, as price formed a double top pattern on its 1-hour time frame.
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The US dollar resumed its rally to most of its forex counterparts, as the EURUSD tumble carried on to other pairs.
USDJPY is moving inside a descending triangle pattern on its 4-hour time frame, as price made lower highs and found support at the 116.00 major psychological level.
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The US dollar had a mixed performance, as it gave up ground to the euro, franc and yen but rallied against the commodity currencies.
AUDUSD has been moving sideways on its short-term time frames, as price found support around the .8100 major psychological mark and resistance at the .8250 minor psychological level.
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The US dollar moved mostly sideways in recent trading, although it managed to regain ground against the commodity currencies.