The Australian dollar may have found the bottom at around 0.78 against the U.S. dollar based on the hourly chart formation.
Related Posts
Upbeat Draghi Sent the Euro Higher against the U.S. Dollar
The EURUSD shot higher today because of the weak U.S. inflation numbers and the ECB president, Draghi’s somewhat hawkish comments after the rate decision. The EURUSD is trading higher today because the ECB President, Mario Draghi, was upbeat in the press conference. The ECB still expected the next hike in…
The EURUSD Is Still Pressured by the Rising U.S. Bond Yields
The euro moved lower again on Wednesday and had broken below the previous low of 1.2180. The EUR/USD is trading near 1.2170. The euro’s decline continued to be driven by the soaring U.S. bond yields. The latest economical data solidified the Fed’s confidence in the U.S. economy and the inflation…
The EURUSD Stopped Falling for Now but Can 1.1510 / 40 Hold?
The EURUSD managed to rebound from 1.1542. It is trading slightly above 1.16. The EURUSD found some support near the 1.1540 level. The 1.1510 – 40 range could provide some immediate support. If this area of support does not hold, the euro could test the next support area of 1.1445. After…