USDJPY
The pair is trading below the level of 112.00 after reaching a local maximum following the overall weaker USD rate. A local correction of the price is expected.
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI has left the overbought territory …
AUDUSD
The pair corrected to 0.7125 following the release of the strong industrial inflation data in the US, but it still may reverse upwards and resume growth, since the Fed isn’t expected to change its plans to passively observe the market situation in the foreseeable future.
The price is below …
The US dollar fluctuated in a narrowly bullish range during the Asian session to see its rebound to its third straight session since the beginning of April against the Japanese Yen amid a lack of economic data by the Japanese economy, the third largest economy in the world and on …
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