EUR/USD: Breaking 1.0850, next target 1.1000
GBP/USD: Cleared 1.2750, heading toward 1.2950
AUD/USD: Rebounded from 0.6650, potential 0.6850
NZD/USD: Above 0.6150, could reach 0.6300
Key Drivers:
1. Fed likely cutting rates before ECB/BoE/RBNZ
2. Commodity recovery (helps AUD/NZD)
3. Political risks weighing on USD
Market Mood:
- Traders reducing long USD positions
- AUD/NZD shorts getting squeezed
Risks:
US inflation surprises upside
Geopolitical shocks boost USD safe-haven demand
Sasha Charkhchian
GBP/USD: Cleared 1.2750, heading toward 1.2950
AUD/USD: Rebounded from 0.6650, potential 0.6850
NZD/USD: Above 0.6150, could reach 0.6300
Key Drivers:
1. Fed likely cutting rates before ECB/BoE/RBNZ
2. Commodity recovery (helps AUD/NZD)
3. Political risks weighing on USD
Market Mood:
- Traders reducing long USD positions
- AUD/NZD shorts getting squeezed
Risks:
US inflation surprises upside
Geopolitical shocks boost USD safe-haven demand
Sasha Charkhchian
Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.