Greetings to all the members of Mt5 forum, hope that you all will be fine. Today is the 2nd day of the week. As we all know that from the very beginning of this week, the dollar index is weakening and due to this weakness of the USD Index, that's there is lot of difference in the USD Market. But today, we have some important news on the USD currency which will change the direction of the USD Based pair. Now USD gaining some moment and I think it will go up and test the level of 90.55.
Currently AUD/USD is trading near 0.7900 and trying to develop additional downside momentum, I think it will go down further. But as long as the price is above the 0.7800 the bullish trend will remain today and our next main target reaches 0.8000.The Australian Dollar added 0.00018 points or 0.02% to crack fresh 36-month highs of 0.79162 against the US Dollar on Tuesday as investors proved optimistic on the prospects of faster growth, while local bond yields stabilized after their run-up on inflation concerns.
The NZDUSD pair is trading near the 0.7321 since morning. and the price should needs to get positive momentum, that helps to push the price to resume the expected bullish trend for today. The New Zealand Dollar fell 0.00146 points or 0.2% to 0.73129 against the US Dollar Tuesday, falling slightly from 34-month highs as traders remain cautious amid rising bond yields locally and in the US. The yield on New Zealand's 10-year government bond jumped to yearly highs of 1.72%, while US 10-year yields eased to 1.362%. Policy makers across the globe are also expressing concern as European Central Bank President Christine Lagarde said overnight her institution is “closely monitoring” the market for government bonds.