Tag - usd

Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.

NZD/USD retested the neckline of the “Head and shoulders” and then went below the lower border of the 0.6710-0.6850 consolidation range.

It seems that August is going to be a very interesting and eventful month, and traders will have a lot of profit opportunities…

On the daily chart, bears managed to lead EUR/USD to the lower border of the 1.1510-1.1780 range.

On the daily chart, bears managed to seize the initiative and return USD/JPY to the long-term downtrend channel.

On the daily chart, GBP/USD keeps forming a “Shark” pattern. The pair got close to its 113% target near 1.2855.

USD/CHF is forming a “Triangle”. A break of its upper border near 1.0070 will open the way to the target of “Wolfe waves” pattern for buyers.

On the daily chart of USD/CAD, bears launched an attack thanks to the formation of “Three Indians” and 1-2-3.

The US dollar index has been climbing to the psychological level at $95.50.

Let’s start with a look at the economic calendar for the upcoming days.

The main events of the week, fundamental and technical analysis for the key currency pairs and gold…

On the daily chart, AUD/USD keeps consolidating in the 0.7305-0.7485 range. A break of its lower border will increase the odds of the decline to 200% target of AB=CD.