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Australian Dollar Technical Forecast: AUD/USD, AUD/JPY Levels to Watch 2021-04-30 23:00:00 Daniel Moss, Analyst Australian Dollar Technical Forecast: Mixed The Australian Dollar could slip lower against USD, however, further gains against JPY seem likely in the near term. Head and Shoulders pattern hints at a bearish reversal for AUD/USD rate. Ascending Triangle pattern points to further gains for AUD/JPY. The Australian Dollar has been stuck in a relatively tight range against its lower-beta counterparts in recent weeks. However, a bearish Head and Shoulders suggests the risk-sensitive cu...

Canadian Dollar Outlook: USD/CAD to Push Higher as Risk Appetite Fades 2021-01-29 07:30:00 Daniel Moss, Analyst Canadian Dollar, Bank of Canada, Coronavirus Restrictions, USD/CAD, IGCS – Talking Points: Risk appetite continued to wane during APAC trade, sending equity markets sliding lower. The Canadian Dollar’s recent weakness may prove short-lived as coronavirus cases notably decline. USD/CAD may extend its push to fresh yearly highs after clearing key resistance. Advertisement Asia-Pacific Recap ...

Japanese Yen Price Analysis: AUD/JPY, EUR/JPY Poised to Gain Ground 2021-01-20 03:00:00 Daniel Moss, Analyst Japanese Yen, AUD/JPY, EUR/JPY, JPY Technical Analysis, IGCS – Talking Points: Inverse Head and Shoulders bottom hints at further gains for AUD/JPY. EUR/JPY’s surge above the 200-week moving average could ignite a more extensive topside push in the coming months. The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Au...