The AUD/USD currency pair has been exhibiting notable price action recently, characterized by critical resistance and support levels that traders should closely monitor. Currently, the initial important resistance level is identified at 0.6914. A...
The Hanging Man candlestick is a crucial pattern in technical analysis, particularly for traders looking to identify potential reversals in market trends. This pattern typically appears at the top of an upward trend, suggesting that the buying...
In the latest North American trading session, the price has slipped to approximately 1.3750, reflecting a notable shift in market dynamics. The spot price has gained ground sharply as uncertainty looms ahead of the BoC's impending monetary policy...
The bulls of AUDUSD are still in action and reached above the 0.6800 level. Whereas, the bears or sellers might remain under pressure today. Try to understand the potential for short-term buy opportunities, the overall sentiment favors the strength...
The currency pair may experience further declines due to the increasingly hawkish stance of the RBA regarding its monetary policy. RBA Governor has made it clear that the central bank is prepared to raise rates again if necessary to tackle...