AUDJPY prices are facing bearish pressure from the descending trend line and resistance zone at 84.912, in line with the 78.6% retracement as well. We could be seeing a reversal here.
The US dollar strengthened against its G10 currency peers to close above 104, supported by the narrative of a soft landing. The August CPI print
In July, the dollar experienced a significant decline, falling from its peak of 103.5 to a low of 99.5. This was influenced by various factors,
The dollar index retreated from a 2-month high in June, opening at 104.5 on the first day of the month before falling below 102. Towards
The dollar index rallied to a two-month high in May, from a low of 101 to above 104. After the Fed hiked rates to its
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