EUR/USD, USD/JPY and AUD/USD Forecast – US Greenback Continues to Search for Steering…

USD/JPY Technical Evaluation

The US greenback continues to take off towards the Japanese yen. And if Jerome Powell sounds even remotely hawkish through the session on Friday, then that might ship the US greenback screaming in the direction of the 150.50 yen stage. On a pullback, I might anticipate that the 50 day EMA presents help, adopted by the 146 yen stage.

AUD/USD Technical Evaluation

The Australian greenback tried to rally through the session, but it surely seems to be prefer it’s going to present these positive factors up fairly shortly, as there simply isn’t sufficient momentum to get the Aussie transferring. Finally, I believe you’ve received a state of affairs right here the place it’s a must to assume that market members are taking a look at this by the prism of a market that simply hasn’t carried out nicely to start with.

And subsequently, it makes quite a lot of sense that the Australian greenback ultimately provides up power. Take into account that New Zealand simply lower rates of interest and that in all probability has folks considering the Australian greenback will undergo the identical destiny and that makes it just a little weaker than different currencies normally.

Over the past 12 months, we’ve seen the US greenback get hit fairly laborious and with that, I believe it’s a must to imagine that if the Australian greenback actually couldn’t reap the benefits of it. If we begin to see the US greenback strengthen, then the Aussie is actually going to take it on the chin. As issues stand proper now, I like fading rallies, and I imagine the zero.6550 stage will proceed to be resistant.

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