Technical analysis of AUDUSD Today I choose AUD/USD for technical analysis, the market price is currently between 0.6381 resistance and 0.6312 support. Market prices have now breached this resistance level and rebounded again, indicating that the...
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...
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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...
The EUR/GBP currency pair staged a modest recovery in early European trading on Wednesday, halting a two-day losing streak and hovering near the 0.8275 level. This move coincided with the release of UK Consumer Price Index (CPI) data for November,...