USD/JPY Back in Action—Key Levels to Watch for Further Gains

AUDUSD eased from new multi-month high on Tuesday after the Reserve Bank of Australia kept rates unchanged in today’s policy meeting, but comments from Governor Bullock were less hawkish than expected and sidelined expectations for possible policy tightening. The pullback was so far shallow, as Aussie is underpinned by higher commodity prices and diverging Fed/RBA […]

AUDUSD rebounds off 0.6485 and surpasses downtrend line MACD and RSI indicate more upside pressure AUDUSD has been experiencing a new up leg over the last couple of days, surpassing above the short-term downtrend line and the flat 200-day simple moving average (SMA), meeting the 50-day SMA near the 0.6590 critical resistance. Technically, the MACD […]

The Canadian dollar has weakened against most major currencies (except against the JPY) in the past four weeks. Short-term FX positioning suggests that the expected BoC’s 50 bps cut may have been fully priced in. Watch out for a potential short-term mean reversion decline in the AUD/CAD cross pair. In a few hours’ time today, […]