The outlook for the pair is driven by a combination of fundamental factors and technical patterns, creating a complex yet intriguing trading environment. Rising oil prices have lent some support to the Canadian Dollar, given Canada’s status as a...
The pair currently exhibits a mixed outlook, influenced by uncertainties surrounding China’s economic health and potential shifts in US monetary policy. Market sentiment remains cautious as traders weigh China’s subdued stimulus measures against the...
The GBP/USD is showing an uptrend today and is trading within a certain trend line. It is currently trading above the 100 simple moving average, which indicates a supportive trend in the near future. On the H4 chart, the RSI is located near 60,...
Global risk sentiment plays a pivotal role in shaping the outlook of the NZD/USD pair, given the Kiwi Dollar's status as a commodity-linked currency. The Kiwi often mirrors fluctuations in equity markets and global growth expectations. Persistent...
Technical analysis of AUDUSD Today I choose AUD/USD for technical analysis. The market price fell below the 0.6465 resistance and rebounded after reaching the 0.6381 support. If the market fails to break above this support, the price is likely to...