EUR/USD, USD/JPY and AUD/USD Forecast – US Greenback Continues to Soften Barely…

USD/JPY Technical Evaluation

The US greenback was a bit noisy towards the Japanese yen throughout early Wednesday buying and selling, however I wouldn’t learn an excessive amount of into the motion. It simply appears like we’re looking for some kind of flooring right here. If we do, in reality, get that flooring, then a break above the 148 yen stage sends this market greater, maybe as excessive as 151 yen. Pullbacks at this level nonetheless take a look at the 50-day EMA and presumably 146 yen as help.

AUD/USD Technical Evaluation

The Australian greenback has rallied fairly properly, however it’s coming into fairly a little bit of noise simply above that, I feel, will hold it considerably muted, sadly, for individuals who are bullish on the Aussie. Given sufficient time, I might anticipate that the Australian greenback might very properly dump if we begin to see US greenback power usually, because the Australian greenback has been one of many weaker performing currencies towards the buck over the past a number of months, although it has been optimistic.

I desire to fade indicators of exhaustion if and after we get them. I simply don’t know if and after we will get them. The zero.6550 stage stays a magnet for worth. If we break down under the zero.6375 stage, then I feel the actual promoting begins.

For a take a look at all of at this time’s financial occasions, try our financial calendar.