Daily Pivots: (S1) 0.6498; (P) 0.6526; (R1) 0.6557; More… AUD/USD’s break of 0.6484 support confirms short term topping at 0.6594. Fall from there is tentatively seen as a correction to rise from 0.5913. Intraday bias is back on the downside for 38.2% retracement of 0.5913 to 0.6594 at 0.6334. Strong support could be seen there […]
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Daily Pivots: (S1) 0.7180; (P) 0.7204; (R1) 0.7225; More… Intraday bias in AUD/USD is turned neutral first with current extended retreat. Further rise will remain in favor as long as 0.7101 support holds. On the Read more…
Dollar is rising as risk aversion creeps back into global markets as the US–Iran ceasefire comes under increasing strain. Developments over the past 48 hours suggest the fragile truce is under mounting pressure, raising the Read more…
The RBA has made one thing clear: it is not done yet. By lifting the cash rate to 4.35%, with the decision backed by an 8–1 majority, and signaling a path toward 4.7% by the Read more…