The price has been experiencing fluctuations, edging lower on Thursday and hovering around a five-week low of 0.6660. However, by Friday, the pair gained some ground, driven by a shift in market sentiment following a dovish speech from US Federal...
In Friday's North American trading session, the currency pair displayed some gains but struggled to push beyond the critical resistance level of 1.0870. This hesitation can be attributed to comments made by Central Bank President Christine Lagarde,...
The price traded with a positive bias for the second consecutive day on Friday, hovering around the 1.3050 level during the US session. This follows a recent low, the lowest since March 2022, which was touched in the previous session. At the time of...
The AUD/USD pair exhibited a bullish tone for the second consecutive day on Friday, driven by a combination of domestic strength in Australia’s labor market and global risk sentiment shifts. After bouncing off the mid-0.6600s—a one-month low—the...
As we approach the 1.2650 level, we may encounter slight downside opportunities, which could allow traders to reassess their strategies. Those currently holding short positions should consider adjusting their trailing stops to protect potential...