The 200 bar MA is at 0.58259. A break below would be move bearish. The 100 bar MA is at 0.58675

The Dollar Index (USDIDX) is gaining for the second consecutive session, adding another 0.15% an hour before the final Fed decision under Jerome Powell’s leadership. The US cur…

USD/JPY trades higher on Wednesday around 160.25, up 0.40% on the day and reaching a one-month high, close to the March 30 peak at 160.46.

USDJPY currency pair recently reversed from the support zone between the key support level 157.50 (which stopped the previous correction iv) and the lower daily Bollinger Band.

The EURUSD price settles lower during its recent intraday trading, preparing to break the key support at 1.1690, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reducing the chances for the price recovery on the near-period, especially with its trading alongside bearish corrective trend line on the short-term basis, noticing the negative signals from the relative strength indicators.

The GBP/USD pair is broadly sideways around 1.3500 during the European trading session on Wednesday. The Cable consolidates as investors await monetary policy announcements by the Federal Reserve (Fed) and the Bank of England (BoE).

NZD/USD trades lower around 0.5840 on Wednesday at the time of writing, down 0.76% on the day, as markets adopt a wait-and-see stance ahead of the Federal Reserve (Fed) monetary policy decision later in the day.

AUD/USD faces a critical test at the $0.7150 level, with resistance at $0.7177 capping recent gains. A breakout above $0.7213 could signal further upside ahead of the Federal Reserve’s upcoming policy announcement.

The price is moving lower to test the support level confluent with the half-number at $0.7150.

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Wednesday, weighed by softer-than-expected Australian inflation data, while fading hopes that the US-Iran war will end anytime soon support the Greenback.