EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 21, 2017

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Published: Apr 21, 2017, 09:30 UTC

EUR/USD The pair made a move higher as it broke through the strong resistance region at around the 1.0750 mark and managed to push higher. But it got

EUR/USD

The pair made a move higher as it broke through the strong resistance region at around the 1.0750 mark and managed to push higher. But it got beaten back due to some strong dollar buying towards the end of the day but any correction should be viewed as a buying opportunity. …Read More

GBP/USD

The pair had a comparatively quiet day yesterday as the traders took some well deserved rest. The pair did manage to make its way towards the 1.29 mark for a brief while before it was beaten back by some strength in the dollar towards the middle of the US session which pushed the pair back towards 1.28. …Read More

AUD/USD

The pair is trading slightly higher for the day but well within the range. It has been a bit dovish over the past few days on the back of comments from the RBA and this has placed a lid on how high it would be able to move. …Read More

USD/JPY

The pair closed higher for the second day yesterday as the stock markets recovered due to a speech from Mnuchin where he confirmed that there would be a large tax cut in the US in the near future. This has helped to keep a bid under the pair. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.