EUR/USD ended the day higher above 1.1800
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is trading slightly below the cloud…
AUD/USD: a channel breakout?
Information is not investment advice
AUD is on the rise. Will it keep pressing upwards? It is possible, as the risk seems to be getting back to Forex today. But will it break the channel’s roof? That’s a question. However, if it does break it, there is still a probability that it will reverse. The thing is, within this channel, AUD/USD has already made several bullish breakthroughs like this, and every time it was getting back down or floating at the upside of the channel.
So the safest approach in the mid-term would be to prepare for a bounce to the lows of 0.7450 or even 0.7420 before another upswing takes place.
Gaspar Markosyan
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In our FOMC Meeting live coverage on YouTube yesterday, we sent out a short signal on USD/JPY around 25 minutes after the decision and right before the press conference.
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EUR/USD ended the day higher above 1.1800
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is trading slightly below the cloud…
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