The Australian Dollar (AUD) experienced a temporary reprieve from its downward trajectory following the release of consumer inflation expectations data on Thursday. However, the broader trend for the AUD remains bearish, influenced by several key...
GBP/USD holds ground near 1.2600 after declining more than 1% following the Federal Reserve’s hawkish cut on Wednesday. The Pound Sterling gains upward support as the Bank of England is anticipated to keep interest rates unchanged later in the day...
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Let’s start with the weekly chart of the D1 period - the AUDUSD currency pair. Yesterday evening, the covered news came out - FOMC Economic Forecasts, the US Federal Open Market Committee Statement, the US Federal Reserve Interest Rate Decision, the...
The direction of the pair is heavily influenced by broader global sentiment, particularly the strength of the U.S. Dollar. As the Dollar remains robust amid ongoing global uncertainties, the Kiwi faces significant challenges. To overcome this...
