Hopes for a dovish pivot from the FED and easing of ZERO-COVID policies have pushed risk assets and eventually weaker USD are expected.
EURUSD look set to continue its upside push and setting 1.05 level as its newly intra-day bull target, keep in mind for possible high volatility as huge EURUSD Option Expiries for Wednesday’s New York Cut.
GBPUSD tested 1.19 Major Level then down after Hot UK CPI Data 11.1% vs 10.7%. Cable trading at 1.855 S/R area with bullish engulf closed giving hopes for Bull Run is not over just yet.
USDJPY continue ranging within Tue trading range and hinted “Bear Traps” as price quickly reverse when market dips below technical level.
USDCAD technical 1.33 major level rejection supported with positive Crude oil gains while comfortably trading above $85/b.
AUDUSD and NZDUSD both pairs are trending higher with 100 and 200 moving averages align in bullish formation.
