The AUD/USD chart on the H1 timeframe shows a clear downtrend that has been ongoing since mid-February. The pair have struggled to maintain any significant bullish momentum, with each upward attempt being met with selling pressure. The current price...
The New Zealand Dollar (NZD) faced increased selling pressure in recent sessions, declining to a low of 0.5587 before stabilizing. Despite being in oversold territory, technical indicators suggest that further downside pressure is diminishing. The...
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From a broader perspective, the dollar’s weakness today has been a key driver behind GBP/USD’s upward movement, despite mixed economic data. I observed that the dollar has been under pressure throughout the day, contributing to the pair’s bullish...
The British Pound (GBP) reversed its recent two-day losing streak, experiencing a significant surge of over 0.89% against the US Dollar (USD). This upward movement was primarily driven by a weakening US Dollar, as indicated by the Dollar Index...
