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Our FX strategies had an incredibly effective week with four directional biases and technical setups playing out generally as discussed. Check it out! Forex Setup of the Week: Simple USD/CAD Range Play Ahead of BOC Decision USD/CAD…

Canada’s surprise rate hike got traders selling AUD/CAD yesterday! In case you missed it, the Bank of Canada (BOC) raised its interest rates by 25 basis points to 4.75% after keeping it at 4.50% for three decisions in a row. AUD/CAD,…

The June 2023 BOC statement is comin’ right up! With the BOC likely to announce a “hawkish hold” and the RBNZ approaching the end of its hiking cycle, is NZD/CAD in for a breakdown soon? As you can see from the hourly chart below, the…

So the Reserve Bank of Australia (RBA) raised its interest rates. While Governor Lowe and his team recognized that inflation has passed its peak, they felt that 7% is still too high. They raised RBA’s interest rates by another 25 basis…

With the BOC decision and Canadian jobs data coming up, I’m looking at this textbook setup on a Loonie pair this week. While the Canadian dollar is enjoying some bullish action thanks to rising oil prices after the OPEC decision, buyers…

EUR/USD PRICE, CHARTS AND ANALYSIS: Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: May Jobs Report: NFP Smashes Estimates…

It was a strong week from our FX strategists as three out of five price scenarios arguably played out in our favor, including an expected strong bearish move on AUD/USD. Check out our quick recaps and let us know how you did this week in…

Missed the double bottom breakout on EUR/NZD? If you’re still bullish on this pair, you might have a chance to catch the rally on this pullback! Check out these support levels where buyers might be looking to hop in. EUR/NZD 1-hour…

This forex pair recently fell through its triangle bottom and is now in the middle of a correction. Can AUD/JPY bounce off this resistance zone? A couple of days ago, we were looking at this potential triangle breakout on AUD/JPY, and it…

EUR/JPY just broke below a technical pattern! If you haven’t noticed, a combo of risk aversion and a burst of yen strength dragged major JPY pairs lower in the last trading sessions. In EUR/JPY’s case, all the yen-buying has translated…