The chart reveals a dominant bearish trend, characterized by consistent lower highs and lower lows. The sharp downward movement below the 1.0450 level confirms the presence of strong selling pressure. The price is currently trading around 1.0394...
Comprehensive Analysis of AUD/USD Trading Overview The Australian Dollar (AUD) against the US Dollar (USD) has been under significant pressure, particularly as it approaches critical support levels. The current market sentiment indicates a bearish...
The NZDUSD, also known as the renminbi, has recently experienced some volatility against the US dollar. While it initially faced downward pressure due to a stronger US dollar, it has since stabilized and recovered some of its losses. The Federal...
Date: 20th December 2024. BOE Sees More Support For Rate Cuts As USD Strengthens! Key Takeaways: *The US Dollar increases in value for a third consecutive day and increases its monthly rise to 2.32%. *The US Dollar Index was the best performing...
Technical analysis of EURUSD Today I choose EUR/USD for technical analysis. The EUR/USD market is bearish, helping the price break the dawn trendline and selling momentum. The market price follows the trend line and repeatedly touches the trend line...
