The Australian dollar (AUD) experienced a decline against the US dollar (USD) following the release of key economic data on Thursday. The risk-sensitive AUD/USD pair faced downward pressure amid escalating geopolitical tensions in the Middle East....
THE CURRENCY PAIR AUD-USD The wave structure is built in an ascending order; the MACD indicator is in the upper purchase zone. However, purchases are not relevant now; a reversal and decline are expected in the near future. This is indicated by the...
Crude oil prices are struggling to maintain momentum during Thursday’s European session, oscillating around the mid-$71.00 range. This stagnation comes on the heels of a two-day recovery from the lowest levels seen since May 2023. Despite the recent...
NZD/USD TECHNICAL ANALYSIS: On the NZD/USD H1 time frame. The recent price movements have been quite telling, and we're seeing the market react to critical resistance levels. Most notably, the NZD/USD pair experienced a slight decline after failing...
The NZD/USD pair experienced a continued decline this week, extending its corrective move from the 0.6375-0.6380 area, levels last seen in July 2023. The downward trajectory pushed spot prices below 0.6200, a one-and-a-half-week low during the Asian...