Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
AUD/USD: to the six-year highs?
Information is not investment advice
Since March 2020, the Australian dollar has been very tough on the USD. From the crisis depths below 0.60, AUD/USD has risen to the current 0.78. Another leap, and it will reach 0.81 – that will be the six-year highs. It’s very important to have the below strategic picture in your mind when you trade this pair because the closer it gets to 0.81, the harder it should be for it to break the resistance. In the meantime, breaking this resistance may lay the beginning of a large uptrend such as those that took place more than a decade ago and lasted for two years. Don’t rush to see bullish domination though: there are commentaries that the US dollar may get back to strength. If that’s the case, we won’t see AUD/USD go as high as in 2009 or 2007. Let’s see.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.