Technical Analysis of AUD/USD The Australian dollar continued to rally last trading week, setting a new local high and breaking out of the previous range before starting a small correction. After a short break below the 0.6765 level, the price...
What is range trading? Range trading is a trading strategy in financial markets where traders buy and sell within a defined price range, typically identified by horizontal support and resistance levels on a chart. The idea is to take advantage of a...
The USD/CHF currency pair, currently trading at 0.8508, has been exhibiting a pronounced bearish trend over the past several trading sessions. This decline in the value of the US dollar against the Swiss franc is driven by a combination of economic,...
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The AUD/USD currency pair is currently finding near-term support around the 0.6877 level. This area has become a critical juncture for the pair, as a break below this level could significantly alter the market's outlook. If the price falls through...