US Dollar Price Forecast: Sharp Inflation Spike to Drive Yields, USD Higher dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
US Dollar Price Action Setups: AUD/USD, DXY, NZD/USD, USD/CAD
2021-02-16 03:00:00
Daniel Moss,
Analyst
US Dollar, DXY, AUD/USD, NZD/USD, USD/CAD – Talking Points:
Time-cycle analysis suggests the US Dollar is poised to significantly underperform its major counterparts in the medium to long term.
Golden cross moving average formations hint at extended gains for AUD/USD, NZD/USD.
USD/CAD poised to sink even lower as price continues to track within a Descending Channel.
Advertisement
As mentioned in previous report, the haven-associated US Dollar may continue to lose ground against its major counterparts, as long-term price analysis suggests a cyclical downturn is in the offing.
Australian Dollar Time Cycle: Breakout Year Ahead for AUD/USD Rates
2020-12-14 01:00:00
Daniel Moss,
Analyst
Australian Dollar, Time Cycle Analysis, AUD/USD, Technical Analysis, IGCS – Talking Points:
Time-cycle analysis suggests the Australian Dollar may continue outperforming the haven-associated US Dollar over the next 12 months.
However, the daily timeframe hints that a short-term pullback could be in the offing.
Advertisement
The Australian Dollar’s 37% surge from the March doldrums may prove to be the start of a prolonged period of strength against the US Dollar, as time-cycle analysis suggests 2021 could be a breakout year for the trade-sensitive currency.
AUD/USD Monthly Chart – Cyclical Upturn Afoot