Technical Analysis of Australian dollar/US dollar Last trading week, the Australian dollar traded in a previously restricted range, failing to break out of it. The price initially fell to the 0.6573 level, but having encountered significant...
This week’s trading session has witnessed a significant bullish movement in the USDCAD currency pair. On Monday, there was a notable attempt by the sellers to push the price downward, leading to a correction that temporarily brought the price down...
Certainly! The EUR/USD currency pair is currently trading at 1.0709, and the prevailing trend appears to be bearish. A bearish trend suggests that sellers are dominating, causing prices to generally decline over time. This can create a slow and...
Fundamental Analysis On Friday, the Canadian dollar (CAD) made a meager comeback, rising from most of its major currency peers and recovering only a tenth of a percent against the US dollar (USD). The market is cautious due to an unexpected decline...
The AUD/USD currency pair on the M30 timeframe chart presents an intriguing picture with several conflicting signals, making it a challenging market to decipher. Currently, the moving average is positioned at approximately 0.6618. This level acts...