The dollar and yen will depreciate due to a more positive market sentiment
AUD / USD trades at 0.5% a day and reaches the top of the sessions, rising just over 0.7400 as buyers take control of the pair in the near future:
Raising hourly moving averages above the confluence @ 0.7385-94 now shows that buyers will create a more expensive rise in the near future, and holding over 0.7400 confirms this mood at the end of the week.
Equities are doing much better that day as European indices remain slightly higher, while US futures are currently rising 0.4%, fueling a more optimistic mood.
In the case of AUD / USD, the latest higher rise will keep buyers ready to try the records that reached 0.7478 last week, as the dollar is fighting for traction today.
Elsewhere, the NZD / USD is up 0.6% to 0.7150, as buyers hold protection against their 100-day moving average (red line) this week and use that bounce to target 0.7170 at last week’s peak.