AUD/USD

The AUD/USD is trading at 0.7365, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.7385, and then a downward pullback to 0.7300. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7435, which will be a signal for a further rise to 0.7525 and above. Conversely, the fall will be confirmed once the ascending channel bottom boundary gets broken out and the price closes below 0.7350.

AUDUSD

 

NZD/USD

The NZD/USD is trading at 0.6761, below the Ichimoku cloud, which means there's a downtrend forming. We expect a test of the lower cloud boundary at 0.6775, and then a fall to 0.6655 and below. This fall may be prevented in case price breaks out the upper boundary and closes above 0.6795, which will be a signal for a further rise to 0.6850 and above. Conversely, the fall will be confirmed once the bottom boundary of the triangle pattern gets broken out and the price closes below 0.6720.

NZDUSD

 

USD/CAD

The USD/CAD is trading at 1.3223, above the Ichimoku cloud, which means there's an uptrend forming. We expect a test of the upper cloud boundary at 1.3165, and then an upward pullback to 1.3305, which may be confirmed with the price bouncing off the support. This rise may be prevented in case price breaks out the lower boundary and closes below 1.3115, which will be a signal for a further fall to 1.3010 and below.

USDCAD

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EUR/USD now refocuses on the 200-day SMA

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Gold struggles around $2,325 despite broad US Dollar’s weakness

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Bitcoin price makes run for previous cycle highs as Morgan Stanley pushes BTC ETF exposure

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Bitcoin (BTC) price strength continues to grow, three days after the fourth halving. Optimism continues to abound in the market as Bitcoiners envision a reclamation of previous cycle highs.

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US versus the Eurozone: Inflation divergence causes monetary desynchronization

US versus the Eurozone: Inflation divergence causes monetary desynchronization

Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Federal Reserve might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone. 

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