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USD/JPY Recovers After Dropping Below 150 Yen per DollarUSD/JPY Recovers After Dropping Below 150 Yen per Dollar As the USD/JPY chart shows: → Yesterday, the pair fell below the psychological level of 150 yen per dollar. → However, today it staged a strong recovery, rising back above this level. The yen weakened following the release of Japan's inflation data. According to Forex Factory, the National Core CPI increased by 3.2% year-over-year (forecast: 3.1%, previous: 3.0%). According to Reuters: → The 19-month high in CPI strengthens expectations of further interest rate hikes in Japan. → The yen is weakening as Bank of Japan Governor Kazuo Ueda stated that the central bank may step up government bond purchases if long-term interest rates rise. Can USD/JPY Continue to Rise? USD/JPY Technical Analysis On 12th February, we noted that key highs and lows over the past three months formed an ascending channel, with the 154 yen per dollar level acting as a resistance barrier. Indeed, since then, bulls have failed to sustain levels above 154 yen per dollar (as indicated by the arrow), leading to a decline below the lower boundary of the blue channel after a brief rebound on 18th February. As a result, the former support at the lower boundary of the blue channel may now act as resistance around 151.3 yen per dollar, reinforcing the relevance of the descending channel (marked in red). The trajectory of USD/JPY today could be significantly influenced by the release of the US Flash Manufacturing PMI and Flash Services PMI indices at 16:45 GMT+2. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Market Analysis: USD/JPY Turns RedMarket Analysis: USD/JPY Turns Red USD/JPY declined below 153.00 and is currently consolidating losses. Important Takeaways for USD/JPY Analysis Today - USD/JPY is trading in a bearish zone below the 153.00 and 152.50 levels. - There is a short-term rising channel forming with support near 151.60 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 154.00 zone. The US Dollar gained bearish momentum below the 153.00 support against the Japanese Yen. The pair even settled below the 152.50 level and the 50-hour simple moving average. There was a spike below 151.50 and the pair traded as low as 151.23. It is now correcting losses and trading above the 50-hour simple moving average. Immediate resistance on the USD/JPY chart is near the 23.6% Fib retracement level of the recent decline from the 154.80 swing high to the 151.23 low at 152.05. The first major resistance is near the 153.00 zone and the 50% Fib retracement level of the recent decline from the 154.80 swing high to the 151.23 low. If there is a close above the 153.00 level and the hourly RSI moves above 60, the pair could rise toward 153.95. The next major resistance is near 154.80, above which the pair could test 155.50 in the coming days. On the downside, the first major support is near 151.60. There is also a short-term rising channel forming with support near 151.60. The next major support is near the 151.20 level. If there is a close below 151.20, the pair could decline steadily. In the stated case, the pair might drop toward the 150.00 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
Market Analysis: EUR/USD Gains PaceMarket Analysis: EUR/USD Gains Pace EUR/USD started a decent upward move above the 1.0460 resistance. Important Takeaways for EUR/USD Analysis Today - The Euro found support and started a recovery wave above the 1.0400 resistance zone. - There is a connecting bearish trend line forming with resistance at 1.0460 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.0290 zone. The Euro climbed above the 1.0400 resistance zone against the US Dollar. The pair even settled above the 1.0450 resistance and the 50-hour simple moving average. Finally, it tested the 1.0515 resistance. A high is formed near 1.0514 and the pair is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the 1.0292 swing low to the 1.0514 high. Immediate support is near the 1.0445 level. The next major support is at 1.0400 and the 50% Fib retracement level of the upward move from the 1.0292 swing low to the 1.0514 high. If there is a downside break below 1.0400, the pair could drop toward the 1.0375 support. The main support on the EUR/USD chart is near 1.0290, below which the pair could start a major decline. On the upside, the pair is now facing resistance near 1.0460. There is also a connecting bearish trend line forming with resistance at 1.0460. The next major resistance is near the 1.0515 level. An upside break above 1.0515 could set the pace for another increase. In the stated case, the pair might rise toward 1.0550. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
EURUSD Hits Resistances—Reversal Incoming?As I expected in the previous post , the EURUSD( FX:EURUSD ) touched my Targets and is creating the second top of the ascending channel. The EURUSD is in the Resistance zone($1.0537-$1.04500) , Potential Reversal Zone(PRZ) , Resistance lines , and Time Reversal Zone(TRZ) near the Monthly Resistance(1) and the upper line of the ascending channel. In terms of Elliott wave theory , EURUSD seems to be completing microwave 5 of the main wave C of the Zigzag Correction(ABC/5-3-5) . I expect the EURUSD to start falling soon, and it is likely to form a Head and Shoulders Pattern to continue the decline. Note: If EURUSD touches $1.055, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
AUD/USD Trades Near Year’s High After RBA DecisionAUD/USD Trades Near Year’s High After RBA Decision Today, the Reserve Bank of Australia (RBA) eased monetary policy, cutting the interest rate from 4.35% to 4.10%, according to Forex Factory. As reported by Reuters: → This marks the first easing since the 2020 pandemic; → RBA Governor Michele Bullock stated that market expectations for two more cuts this year are “ambitious”; → The bank’s leadership remains cautious about further easing prospects. While analysts had accurately predicted the February rate cut, AUD/USD saw volatility without a significant move, possibly because market participants are more focused on Trump’s tariff plans, which could impact global trade and Forex markets. Technical Analysis of AUD/USD Today Since mid-December, the AUD/USD pair has mostly traded within the 0.6200–0.6300 range, except for early February’s sharp drop when Trump’s tariff policies shook currency markets. However, demand appears resilient: → After plunging to around 0.6100, the price quickly rebounded into the range; → Arrows highlight rapid recoveries after short-term dips; → A blue ascending trend channel is forming on the chart. These factors suggest growing appeal for the Australian dollar, with the 0.6300 level potentially acting as support going forward. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EURUSD’s Bullish Breakout—Targets Set for $1.046 & $1.049!EURUSD ( FX:EURUSD ) came to the above of the 100_SMA(4-hour) once again and managed to break the Resistance zone($1.039-$1.033) and Resistance lines , and today we saw EURUSD made a pullback to this zone. It is also possible that EURUSD will form an ascending channel , so we have to wait for the second hit to the Upper line and confirm its major point . I expect the EURUSD to trend higher after coming above the 100_SMA(4-hour) and attacking the next Resistance zone($1.0537-$1.04500) and Resistance lines . The First Target: $1.04651 The Second Target: $1.04981 Note: If EURUSD touches $1.0347, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3
USD/JPY Exchange Rate Recovers from Yearly LowUSD/JPY Exchange Rate Recovers from Yearly Low As shown on the USD/JPY chart, today the exchange rate aggressively surged above the 153 yen per US dollar level. This marks a strong recovery from the yearly low of around 151 yen per dollar, set last week. Today's bullish momentum developed following a statement from Japan's Minister of Industry, Yoji Muto, who mentioned that the government had asked the United States to exempt Japan from the tariffs imposed by the Trump administration. Can the USD/JPY rise continue? Technical analysis of the USD/JPY chart reveals that key extremes over the last three months form the contours of an upward channel, with: → From a bullish perspective: The exchange rate is rising towards the median, which tends to "attract" the price as demand and supply balance in this region. → From a bearish perspective: The 154 yen per dollar level, which acted as support in February (shown by arrows), may hinder further growth. The future direction of the USD/JPY pair largely depends on a key upcoming news release, which could have a significant impact on the US dollar’s value against other currencies. At 16:30 GMT+3 today, the CPI report will be published, shedding light on the current inflation situation. Be prepared for potential volatility spikes. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
Market Analysis: USD/CAD Takes A DiveMarket Analysis: USD/CAD Takes A Dive USD/CAD declined and now consolidates below the 1.4360 level. Important Takeaways for USD/CAD Analysis Today - USD/CAD started a fresh decline after it failed to clear the 1.4800 resistance. - There is a short-term bearish trend line forming with resistance at 1.4320 on the hourly chart at FXOpen. USD/CAD Technical Analysis On the hourly chart of USD/CAD at FXOpen, the pair climbed toward the 1.4800 resistance zone before the bears appeared. The US Dollar formed a swing high near 1.4790 and recently declined below the 1.4500 support against the Canadian Dollar. There was also a close below the 50-hour simple moving average and 1.4360. The bulls are now active near the 1.4270 level. The pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.4792 swing high to the 1.4270 low. If there is a fresh increase, the pair could face resistance near the 1.4320 level. There is also a short-term bearish trend line forming with resistance at 1.4320. The next key resistance on the USD/CAD chart is near the 1.4360 level. If there is an upside break above 1.4360, the pair could rise toward the 1.4395 resistance. The next major resistance is near the 50% Fib retracement level of the downward move from the 1.4792 swing high to the 1.4270 low at 1.4530, above which it could rise steadily toward the 1.4790 resistance zone. Immediate support is near the 1.4270 level. The first major support is near 1.4240. A close below the 1.4240 level might trigger a strong decline. In the stated case, USD/CAD might test 1.4000. Any more losses may possibly open the doors for a drop toward the 1.3850 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Market Analysis: GBP/USD RecoversMarket Analysis: GBP/USD Recovers GBP/USD started a fresh increase above the 1.2400 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is eyeing more gains above the 1.2465 resistance. - There was a break above a key bearish trend line with resistance at 1.2390 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.2330 level. The British Pound started a steady increase above the 1.2360 resistance zone against the US Dollar, as discussed in the previous analysis. There was a break above a key bearish trend line with resistance at 1.2390. The pair surpassed the 50% Fib retracement level of the downward move from the 1.2549 swing high to the 1.2332 low. The pair gained strength above the 1.2420 level and the 50-hour simple moving average. The pair tested the 1.2460 zone and is currently consolidating gains. The bulls are now active near the 1.2440 level. If there is another decline, the pair could find support near the 1.2395 level. The first major support sits near the 1.2365 zone. The next major support is 1.2330. If there is a break below 1.2330, the pair could extend the decline. The next key support is near the 1.2250 level. Any more losses might call for a test of the 1.2150 support. Conversely, the bulls might aim for more gains. The RSI moved above the 60 level on the GBP/USD chart and the pair is now approaching a major hurdle at 1.2465 and the 61.8% Fib retracement level of the downward move from the 1.2549 swing high to the 1.2332 low. An upside break above the 1.2465 zone could send the pair toward 1.2500. Any more gains might open the doors for a test of 1.2550. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
Market Analysis: NZD/USD Rebound: Signs of Trend Shift?Market Analysis: NZD/USD Rebound: Signs of Trend Shift? NZD/USD is also rising and might aim for more gains above 0.5700. Important Takeaways for NZD USD Analysis Today - NZD/USD is consolidating gains above the 0.5600 zone. - There is a key declining channel forming with resistance at 0.5680 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.5515 zone. The New Zealand Dollar broke the 0.5600 resistance to start the recent increase against the US Dollar. The pair settled above 0.5630 and the 50-hour simple moving average. It tested the 0.5700 zone and is currently correcting gains. The pair corrected lower below the 0.5660 level. However, the bulls are active above the 0.5630 level. The NZD/USD chart suggests that the RSI is now moving higher toward 50. On the upside, the pair might struggle near 0.5660. The next major resistance is near the 0.5680 level. There is also a key declining channel forming with resistance at 0.5680. A clear move above the 0.5680 level might even push the pair toward the 0.5700 level. Any more gains might clear the path for a move toward the 0.5750 resistance zone in the coming days. On the downside, immediate support is near the 0.5630 level. The first key support is near the 50% Fib retracement level of the upward move from the 0.5516 swing low to the 0.5702 high. The next major support is near the 0.5560 level. If there is a downside break below the 0.5560 support, the pair might slide toward the 0.5515 support. Any more losses could lead NZD/USD in a bearish zone to 0.5440. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
Market Analysis: AUD/USD Rebound: Signs of Trend Shift?Market Analysis: AUD/USD Rebound: Signs of Trend Shift? AUD/USD started a decent increase above the 0.6200 and 0.6240 levels. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar rebounded after forming a base above the 0.6100 level against the US Dollar. - There was a break below a connecting bullish trend line with support at 0.6255 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6090 support. The Aussie Dollar was able to clear the 0.6170 resistance to move into a positive zone against the US Dollar. There was a close above the 0.6240 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6300 zone. A high was formed near 0.6301 and the pair recently saw a minor pullback. There was a move below the 0.6300 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6088 swing low to the 0.6301 high. Besides, there was a break below a connecting bullish trend line with support at 0.6255. On the downside, initial support is near the 0.6240 level. The next major support is near the 0.6195 zone or the 50% Fib retracement level of the upward move from the 0.6088 swing low to the 0.6301 high. If there is a downside break below the 0.6195 support, the pair could extend its decline toward the 0.6170 level. Any more losses might signal a move toward 0.6090. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6270. The first major resistance might be 0.6300. An upside break above the 0.6300 resistance might send the pair further higher. The next major resistance is near the 0.6335 level. Any more gains could clear the path for a move toward the 0.6380 resistance zone. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
GBPUSD at Key Resistance: Will Sellers Push Toward 1.24280?OANDA:GBPUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. This level has historically acted as a key supply area, increasing the likelihood of a bearish bounce if sellers regain control. With the price now testing this resistance, I anticipate a potential downward move toward the 1.24280 level, aligning with the broader bearish market structure. This setup suggests the possibility of a retracement after the recent upward movement. Traders should watch for confirmation signals, such as bearish engulfing candles or rejection wicks, to validate the potential for a reversal.
Short
by DanieIM
3
USD/CAD Exchange Rate StabilisesUSD/CAD Exchange Rate Stabilises As we reported on 3 February, the decision by the US president to impose 25% tariffs on goods imported from Canada sent the USD/CAD rate soaring to a 22-year high. However, after a round of negotiations between Donald Trump and Justin Trudeau, the tariff implementation was postponed by a month, which was reflected in the USD/CAD exchange rate chart. Current USD/CAD Chart Analysis: → The price has retreated from the upper boundary of the ascending channel identified three days ago and has now dropped below its lower boundary. → The price has returned to and remains within the broad 1.4270 – 1.4460 range. → The ATR indicator has reversed from its peak and is trending downward. Given these factors, it is reasonable to say that USD/CAD is stabilising after recent volatility. But what lies ahead? The exchange rate may fluctuate within the 1.4270 – 1.4460 range, reacting sensitively to any news on Trump’s tariff policies and his startling suggestion of making Canada the 51st US state. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
Market Analysis: USD/CHF Takes HitMarket Analysis: USD/CHF Takes Hit USD/CHF declined and now struggling below the 0.9120 resistance. Important Takeaways for USD/CHF Analysis Today - USD/CHF declined below the 0.9160 and 0.9120 support levels. - There was a break below a major bullish trend line with support USD/CHF Technical Analysis On the hourly chart of USD/CHF at FXOpen, the pair started a fresh decline from well above the 0.9180 zone. The US Dollar dropped below the 0.9160 support to move into a negative zone against the Swiss Franc. The bears pushed the pair below the 50-hour simple moving average and 0.9075. Finally, the bulls appeared near the 0.9040 level. A low was formed near 0.9039 and the pair is now consolidating losses. On the upside, the pair could face resistance near the 0.9075 level and the 23.6% Fib retracement level of the downward move from the 0.9196 swing high to the 0.9039 low. The next major resistance is near the 0.9120 level. The 50% Fib retracement level of the downward move from the 0.9196 swing high to the 0.9039 low is also near 0.9120, above which the pair could test the 0.9160 zone. If there is a clear break above the 0.9160 resistance zone, the pair could start another increase. In the stated case, it could even surpass 0.9200. On the downside, immediate support on the USD/CHF chart is 0.9040. The first major support is near the 0.9020 level. The next major support is near 0.9000. Any more losses may possibly open the doors for a move toward the 0.8880 level in the coming days. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
Market Analysis: EUR/USD RecoversMarket Analysis: EUR/USD Recovers EUR/USD started a fresh increase above the 1.0310 resistance. Important Takeaways for EUR/USD Analysis Today - The Euro started a decent recovery wave from the 1.0210 zone against the US Dollar. - There was a break above a connecting bearish trend line with resistance at 1.0340 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair started a recovery wave after a major decline, as mentioned in the last analysis. The Euro cleared the 1.02700 resistance to move into a short-term bullish zone against the US Dollar The bulls pushed the pair above the 50-hour simple moving average and 1.0310. The pair cleared the 50% Fib retracement level of the downward move from the 1.0467 swing high to the 1.0210 low. Besides, there was a break above a connecting bearish trend line with resistance at 1.0340. Immediate resistance on the EUR/USD chartis near the 1.0390 zone. The first major resistance is near the 1.0410 level and the 76.4% Fib retracement level of the downward move from the 1.0467 swing high to the 1.0210 low. An upside break above the 1.0410 level might send the pair toward the 1.0465 resistance. The next major resistance is near the 1.0500 level. Any more gains might open the doors for a move toward the 1.0550 level. Immediate support on the downside is near the 1.0340 level. The next major support is the 1.0310 level. A downside break below the 1.0310 support could send the pair toward the 1.0270 level. Any more losses might send the pair into a bearish zone toward 1.0210. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
NZD/USD Analysis: Recovery from 27-Month LowNZD/USD Analysis: Recovery from 27-Month Low This morning, New Zealand’s labour market data was released, showing unfavourable results. The unemployment rate rose to 5.1% in Q4, the highest since Q3 2020, signalling economic slowdown and reinforcing expectations of a rate cut by the Reserve Bank of New Zealand at its meeting in late February. However, the weak labour market figures were widely anticipated and already priced in. A greater source of uncertainty is the ongoing trade war between the US and China, a key trading partner for both Australia and New Zealand. Donald Trump stated that he is "in no rush" to speak with Xi Jinping after China retaliated against the 10% US tariffs on Chinese imports. Technical analysis of the NZD/USD chart shows that: → The pair remains in a downward trend (marked in red), driven by a strengthening US dollar. The price is currently near the upper boundary of this trend. → The 0.555 level acted as support twice in 2025, as indicated by arrows. Notably, the price also reversed upwards from this area in 2022. It is possible that buyers will gain confidence and attempt to break the upper boundary of the channel. The future trajectory of NZD/USD will largely depend on news related not only to central bank interest rate decisions but also to government actions on tariffs. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
USD/CNH Chart Sees Spike in Volatility Due to TariffsUSD/CNH Chart Sees Spike in Volatility Due to Tariffs In response to the Trump administration's 10% tariff on Chinese goods, Beijing vowed to challenge the decision at the World Trade Organization. Moreover, Chinese authorities have: → imposed retaliatory tariffs of 15% on US coal and liquefied gas, and 10% tariffs on oil and agricultural machinery; → launched an investigation into Google for potential anti-competitive practices. These recent developments have triggered a spike in volatility for the Chinese yuan against the US dollar. As the USD/CNH chart shows today, the ATR indicator is at its highest level since early November, when Trump celebrated his election victory. On 9 January, in our analysis of the USD/CNH exchange rate, we noted: → the importance of the 7.35 level, which had acted as resistance for several months; → according to Wang Tao, chief economist at UBS China, the yuan may weaken to 7.6 per dollar by the end of 2025 if the Trump administration imposes higher tariffs. Today's technical analysis of the USD/CNH chart shows: → the rate is supported by the lower boundary of an expanded ascending channel (shown in blue); → the 7.35 level continues to act as resistance (as indicated by the red arrow). Thus, at the beginning of February 2025, we may witness the formation of a narrowing triangle (shown by the black lines), and a breakout could lead to a significant trend movement. How realistic this assumption is largely depends on how the ongoing tariff conflict between the US and China develops. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1