AUD/USD pulls back The Australian dollar fell after dovish RBA meeting minutes showed a pause to rate hikes was considered. As the pair hit a four-month high at 0.6900, a bearish RSI divergence showed a loss of momentum in the climb, and short-term buyers’ profit-taking has driven the quote lower. As the RSI dipped into […]
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The stock market wasn’t supposed to open 2025 with a thud. That, at least, was the conventional wisdom. The big rally that erupted after the election of Donald Trump in November was supposed to continue Read more…
EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…
USD/JPY edged higher last week but upside momentum diminished, as seen in 4H MACD, as it approached 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Initial bias is turned neutral this week first. Read more…