AUD/USD sees a quiet week ahead with a slim schedule

The AUD/USD pair faded a mid-European session bullish spike to an intraday high level of 0.7590 level and tumbled to fresh session lows in the last hour.

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EUR/USD analysis: week to start slowly, but eyes now on 1.1550

GBP/USD analysis: no signs of a bottom just yet

USDCAD at 13-Day high

AUD/USD Forecast: battle for direction continues, sentiment favors AUD, trend the USD

Valeria Bednarik

EUR/USD bearish trend to continue at least for one more week. 1.1400 becoming a likely target in a 1-month view

The EUR/USD pair is down for a sixth consecutive week, and as it has been happening lately, is not about the dollar, but about the common currency. Indeed, the greenback has lost part of its attractive, following re-escalating tensions between the US and China and North Korea, not to mention Treasury yields that retreated sharply from multi-year highs, with the 10-year note benchmark comfortable below 3.0%.



Yohay Elam

The EUR/USD is on the back foot on Friday after recovering on Thursday. Will it try to recover again? It may have a hard time.

The Technical Confluences Indicator shows that the pair will find it hard to recapture the 1.1695 level. This is the convergence of the Pivot Point one-week S1, the 1h-Lowe, the 4h-High, the Pivot Point one-day S1, and the Bollinger Band 15m-Lower Stdv. 2.2.

A move above this level will not have too much room to run as the next dense congestion of resistance lines awaits at 1.1720 which is the meeting point of the Fibonacci 61.8%, the Simple Moving Average 200-15m, the Simple Moving Average 5-4h, the Bolinger Band 15-Upper, and the BB 1h-Middle.

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