The AUD/USD chart on the M15 timeframe shows a short-term downtrend, supported by price action, a Moving Average (MA), and the Relative Strength Index (RSI) indicator. Here’s a breakdown of the technical analysis to identify key price levels,...
General Points about NZDUSD: We have observed that recent U.S. dollar news events are benefiting the U.S. dollar the most, strengthening its position in the financial markets. This consistent support for the U.S. dollar has created significant...
The chart reflects a mix of bullish and bearish phases, with the price currently recovering after a sharp decline. Initial Price Drop: Starting around 13th December, the price was trading above $71. However, a bearish move pushed the price below the...
EUR/USD consolidates in a tight range near 1.0500, with investors focusing on the Fed’s policy meeting. The Fed is widely expected to cut interest rates by 25 bps but to deliver slightly hawkish remarks on policy guidance. ECB’s Rehn said that...
Hello, GBP/USD is under pressure below 1.2700 in European trading on Wednesday. UK data showed that annual CPI inflation rose to 2.6% in November from 2.3%, as expected. Investors are gearing up for the Fed’s monetary policy announcements. The...
