The US dollar declined this week following its strong advance the prior week. Is the decline a consolidation of gains or the beginning of the next leg of USD weakness. The EURUSD and AUDUSD have held their respective channels but the NZDUSD has broken its well-defined channel that had held since March. 1.5060 and 1.4625 are the longer term pivots for the EURUSD.
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| Live Currency Rates | |||
|---|---|---|---|
| Name | Last | High | Low |
| Candlestick Summary | ||||
|---|---|---|---|---|
| Currency | Last Formation | Trend Bias | ||
| EUR/USD | Bearish Engulfing? | bearish | ||
| USD/JPY | Piercing Line | bullish | ||
| GBP/USD | - | |||
| USD/CAD | Hammer | bullish | ||
| AUD/USD | Inverted Hammer | bearish | ||
| NZD/USD | - | |||