The pair is experiencing a second consecutive day of follow-through selling, with the exchange rate dropping back below the 1.4350 mark during the early Asian session on Friday. This downward move is largely driven by a stronger U.S. Dollar (USD),...
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RBA’s Assistant Governor Sarah Hunter recently indicated that these rates are contributing to what is expected to be a mild economic downturn. While the labor market remains tight, showing levels of employment growth, Hunter emphasized that this...
EURUSD currency pair - H4 chart. The wave structure here is building its order downwards. The MACD indicator is in the lower sales zone. The news from the USA regarding technology largely and predictably declined. And the technology from the...
As the pair closes in on a significant historical trendline, it is now forming a Rising Wedge pattern, a technical formation that typically signals a bearish reversal. This pattern suggests that the pair may be poised for a downward breakout,...
