The AUD/USD pair has remained under sustained selling pressure, with price action failing to break through the critical resistance level at 0.6550. This level has proven to be a formidable barrier, reflecting the overwhelming bearish sentiment...
The Bank of Japan raised rates to the highest since 2008 On Friday, the Bank of Japan increased interest rates by 25 basis points, bringing them to 0.5%. This was the highest discount rate level since 2008. This decision is due to the regulator's...
Economists are anticipating a significant 50 basis point rate cut by the Swiss National Bank (SNB) to stimulate economic growth amid concerns over lackluster performance in the Swiss economy. Consumer price inflation edged higher to 0.7% in recent...
The AUD/USD pair remains firmly entrenched in a bearish trend, with the pivotal resistance level of 0.6550 continuing to cap any recovery attempts. The technical indicators present a clear and unambiguous picture of a market dominated by sellers....
I decided to analyze a younger timeframe for the New Zealand dollar pair. I noticed that earlier, after a rebound from the local minimum at 0.5540, the pair moved upward. I observed the formation of an ascending price channel in the shape of a...
