EURUSD may be in for another set of losses, as the pair formed a reversal chart pattern on its 1-hour time frame.
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The US dollar gave back some of its recent gains again, as range-bound behavior seems to be influencing most forex pairs.
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over.
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The US dollar regained ground last week as risk aversion dominated the financial markets, in the wake of a worsening Ebola crisis and geopolitical tensions in Hong Kong.
EURJPY looks poised for more losses, as the pair recently broke below the descending triangle support on its daily time frame.
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The US dollar managed to recover some of its recent losses, as data from the economy came in stronger than expected.
GBPNZD has been on a strong uptrend in the past few weeks, as diverging monetary policy biases have driven the pair to the 2.1000 levels.
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The US dollar got hit by a wave of selling in recent trading, as the FOMC minutes turned out to be dovish.
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area.
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The US dollar had trouble getting back on its feet in yesterday’s trading sessions as most traders were still in profit-taking mode.