AUDUSD MARKET ANALYSIS On Thursday (June 27), the AUD/USD performed sluggishly and closed at 0.6645, basically the same as Wednesday. Australian bonds, which had already been sold off after the release of Australia's May inflation report, were hit...
Understanding Trading Strategies: Trading strategies are systematic approaches used by traders to determine when to enter and exit trades, manage risks, and optimize potential profits. They provide a structured framework amidst the chaotic nature of...
Yesterday's performance of the AUD/USD currency pair showcased a fascinating sequence of market movements, culminating in an intriguing and somewhat ambiguous trading session. Initially, the price action saw an upward momentum, as the price updated...
The Euro (EUR) struggled to hold onto gains on Friday, hovering around 1.0690 USD in the Asian session. Technical indicators on daily charts paint a bearish picture for the EUR/USD pair. The currency pair is stuck in a descending channel, a pattern...
The New Zealand Dollar (NZD) is facing renewed selling pressure after a short break. Spot prices for NZD/USD are currently trading near a three-month low, just above the key 0.6000 level. This confirms a bearish breakout on the charts, with the...