Analysis

The release of several recent US economic data was not encouraging, but a reassessment of global interest rate expectations and market risks has benefited the US dollar.

As EUR/AUD is still in a solid bullish sentiment track, wait for an opportunity to enter a long position at 1.6465.

EUR/AUD is currently seen undergoing a correction. However, this correction has not been able to diminish the solid bullish sentiment.

USD/CAD is still moving within a bearish trend. Therefore, remain focused on waiting for opportunities for a short signal.

GBP/JPY is seen rising and testing the supply zone. Wait for sell opportunity as the price moves around that zone.

EUR/NZD is currently observed to be undergoing a corrective bearish move, testing the demand zone. Therefore, look for buying opportunities that exist within the demand zone.

With the hawkish tone of Powell's testimony yesterday, USD/CAD has the potential to resume its rally around the 1.3730 - 1.3700 area.

GBP/NZD is currently seen to be rising. Therefore, wait for short-term sell opportunities when the price tests the supply zone.

Currently, USD/CAD is seen correcting. However, the daily trend of USD/CAD is still on a bullish track.

Even though EUR/NZD is currently in a corrective mode after the announcement of the rate hike increase by the RBNZ, the daily bias is still bullish.