The Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6174, down 0.06% at the time of writing. Australian consumer sentiment falls for the second month in a row Australian consumers remain...
EUR/USD traded with marked gains and managed to briefly test the area beyond the 1.0300 hurdle on Tuesday, on the back of the weaker Greenback and rising caution ahead of Wednesday’s publication of US CPI readings.EUR/USD remains under pressure,...
GBP/USD retains its weak tone, trading sub-1.2200. The Pound Sterling lost ground amid another run in UK Gilt yields, reflecting the bond market instability. The US Dollar remains unattractive after December PPI figures.From a technical perspective,...
GBP/USD Technical Analysis The GBP/USD currency pair is currently in a sell trend in the 4-hour time frame, with the market structure also supporting sellers. The price has formed a key support level near 1.2000, temporarily easing the downside...
First, looking at the recent movements of the pair on the hourly chart, I can notice a general tendency for the pair to oscillate between support and resistance levels. Recently, there has been a noticeable bounce from a specific support zone, which...
