AUD/USD’s fall from 0.6624 extended lower to 0.6418 last week but recovered since then. Initial bias is turned neutral this week first. Fall from 0.6624 is at least correcting the rally from 0.5913. Risk will stay on the downside as long as this resistance holds. On the downside, break of 0.6148 will target 38.2% retracement […]
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EUR/USD is trading around 1.1608 on Tuesday. The US dollar attempted to recover from a sharp intraday decline the previous day, which had been driven by expectations of a faster resolution to the conflict involving Read more…
As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions. Bullish view: the key support is the lower boundary of the long-term channel that has Read more…
Analysing the EUR/USD chart five days ago, we: → constructed a downward channel, noting signs that the bears remained in control; → outlined a scenario in which the rate would decline to a new yearly Read more…