On Thursday, the currency pair faced another challenging trading session, marking its fourth consecutive day in decline. The pair fell below the 1.3150 mark as mounting expectations of an upcoming Bank of England rate cut weighed heavily on the...
AUD/USD H1 chart Currency pair's price behavior. The AUD/USD pair is testing a seven-month high at 0.6797 as resistance. A successful break above this level could push the pair toward the upper boundary of the ascending channel near 0.6919....
EUR/USD Pair Technical Analysis We will be exploring the analysis of the EUR/USD currency pair's price fluctuations. Tomorrow, a key indicator for the EUR/USD for the second quarter and data on benefits will be released. Considering today's...
Fundamental Analysis The GBP/USD pair continued to decline, reaching two days in a row, and broke below the 1.3200 mark as bears lost faith in lower prices after August's 400-pip surge. The docket is still active on the other side of the water, with...
In my morning forecast, I highlighted the level of 1.1073 and planned to make trading decisions based on it. Let's look at the 5-minute chart to analyze what happened. The decline and the formation of a false breakout at this level provided an...