Sasha Singh
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Fed Officials Remarks Awaited, US Dollar Weakened

Dollar today weakened against its major counterparts. Seems like investors are now eyeing on the Federal Reserve officials remarks coming out later today.

EUR strengthened against Dollar and is currently consolidating within an ascending triangle on the hourly chart, ready for a breakout.

Gold showed some gains today breaking the channel trend which it was following since a long time.

 AUDUSD is following an uptrend channel and from the stochastic oscillator it seems like the pair is going to break the support trend line of the channel to move in the downward direction.

USDCHF also weakened as seen on the hourly chart. The pair currently seems to be consolidating within a descending triangle and the pair should technically break the resistance trend line. However the pair might also reverse the trend by breaking the resistance trend line.