The dollar storm continues in the markets, and is now at a pause. Is this a short pause or a change? It seems more like a short one. The two commodity currencies continue their previous trends. AUD USD Downtrend Channel - Click image to enlarge AUD/USD gradually moves lower, respecting the downtrend channel. Once again, it is in the middle of the range after reaching a low of 0.9870. Aussie/USD used to top the list of most predictable currency pairs, but the lower volatility hurt it. It seems back in shape now. USD/CAD got close to resistance after breaking to a three month high. Also this pair, which is usually more choppy, has a better technical behavior at the moment. The pair reached a peak of 1.0132, 11 pips short of resistance at 1.0143. Falling oil prices also weigh on the pair. USD/CAD Continues Rise, Falls Short of Resistance - Click image to enlarge All in all, this heightened volatility is making forex trading more attractive in recent weeks, after a period of frustrating range trading in certain pairs. The main reason is the deterioration in Greece: after coalition talks failed, it was revealed that significant withdrawals are being made from banks, accelerating the “bank jog”. This could turn into a bank run sooner than later. In addition, Greeks also defer paying taxes due to the election results. This doesn’t leave much in the state’s coffers. The fear for the global economy is huge, and this drives the US dollar higher across the board. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Time for Europe to step up FxPro - Forex Broker 10 years The dollar storm continues in the markets, and is now at a pause. Is this a short pause or a change? It seems more like a short one. The two commodity currencies continue their previous trends. [caption id="attachment_35665" align="alignnone" width="603" caption="AUD USD Downtrend Channel - Click image to enlarge"][/caption] AUD/USD gradually moves lower, respecting the downtrend channel. Once again, it is in the middle of the range after reaching a low of 0.9870. Aussie/USD used to top the list of most predictable currency pairs, but the lower volatility hurt it. It seems back in shape now. USD/CAD got close to… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
