Tag - forex signals

On the daily chart of NZD/USD, bulls managed to pull the pair out of the downward channel.

On the daily chart of AUD/USD, bulls failed to return the pair to the long-term upward channel.

The US dollar index continues its downward movement. It tested levels below $93.30. The next support lies at $93.

Although Wednesday’s US economic data were positive, the greenback continues to lose positions.

The US dollar index is falling. It is trading below $93.80. The support lies at $93.55.

On the daily chart of NZD/USD, after the pair reached the 88.6% target of the “Bat” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave.

On the daily chart of AUD/USD, after the pair reached 88.6% target of the “Shark” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave within its transformation to 5-0.

The US dollar index reached the psychological level of $95, however, couldn’t stick there and lost some pips. Tuesday’s consumer confidence data was weaker than the forecast.

On the daily chart of NZD/USD, there is a 0.6855-0.6975 consolidation within the long-term downtrend.

It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.

On the daily chart of AUD/USD, there is a consolidation within the bearish trend.

On Wednesday, the US dollar index failed to close at $93…