Category forex

EUR/USD Faces Resistance

Pair attempts to close above major bearish trend line The EUR/USD pair is trying to break through a major bearish trend line with resistance. The pair traded above the 50% Fib retracement level of the downward move from the 1.1685 swing high to the 1.1499 swing low

USD/JPY Trades Flat Near 160.20

USD/JPY pair trades near 160.20 on US-Iran deal The USD/JPY pair is trading on a flat note near 160.20 during Asian trading hours. The US Dollar has softened against the Japanese Yen following reports of a US-Iran peace deal. The BoJ rate hike expectations also i

USD/CAD Drops

USD/CAD depreciates after two days of gains The USD/CAD currency pair is under downward pressure as the US Dollar declines broadly. The decline is driven by a sharp reduction in market risk. The pair traded around 1.3970 during the Asian hours on Monday.</p