Page 4 - Weekly Technical News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Written by Jim WelshMacro Tides Weekly Technical Review 24 May 2021

Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD Technical Setups 2021-05-23 08:00:00 Daniel Dubrovsky, Strategist Australian Dollar, AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD – Weekly Technical Outlook Australian Dollar remains in broad consolidation, signals mixed AUD/CAD may aim lower, EUR/AUD facing triangle breakout AUD/USD - Neutral The Australian Dollar continues to consolidate against the US Dollar, but the near-term bias could remain tilted to the upside. In April, AUD/USD broke above a Descending Triangle chart pattern, offering a bullish technical bias. While prices remain...

Weekly Technical US Dollar Forecast: Finally Turning Higher? Advertisement Technical Forecast for the US Dollar: Neutral The DXY Index has held onto key technical support, suggesting that bulls may have a bit more fight left yet. Net-short US Dollar futures positioning has eased as the DXY Index has rallied, but has not shifted that significantly from levels seen going back to mid-December 2020. The IG Client Sentiment Index suggests that the Euro, the largest component of the DXY Index, has a bearish bias in the near-term. US Dollar Rates Week in Review The US Dollar (via...

The DXY Index’s rebound in recent weeks has done little to revert the major technical damage sustained in recent months.