The Australian Dollar Gains Value as Increased Consumer Prices Reduce Chances of RBA Rate Cuts: Recently, the Australian Dollar (AUD) has gained strength due to rising consumer prices. This rise, known as inflation, is when the cost of goods and...
The USD/JPY currency pair is stuck in a narrow trading range during Asian trading hours this Wednesday. This comes after briefly touching a 34-year high earlier in the week. However, the upside potential for the USD/JPY remains limited due to the...
USD/JPY tests intervention level, buyers may look for a new high above 160. The dollar was again in the intervention zone against the yen during the European session on Wednesday (June 26), hovering just below 160. It was reported at 159.958/68...
### Analysis of the EUR/USD Currency Pair #### Current Situation As of now, the EUR/USD currency pair is trading around the 1.0690 level. The prevailing trend appears to be bearish, indicating a downward movement. This trend suggests that the euro...
H4 Trading Chat On GBPUSD: Let's look at the chart of the H4 period - the GBPUSD currency pair. The wave structure here began to build its order downward, the MACD indicator is in the lower sell zone. If you overlay the target Fibonacci grid on the...