Daily Pivots: (S1) 0.6691; (P) 0.6739; (R1) 0.6797; More… Further decline is expected in AUD/USD with 0.6873 resistance intact. Current down trend from 0.8006 should target next fibonacci level at 0.6461. On the upside, break of 0.6873 minor resistance will turn bias back to the upside for stronger rebound instead. In the bigger picture, price […]
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The picture for currencies today is the exact reverse of yesterday – with traders fading extremes and booking profits before events like the upcoming NFP. Safe-Haven majors like the CHF and JPY are lagging on Read more…
While AUDCAD isn’t among the highest-volume pairs in Forex, it’s often in the lesser-traded instruments that sharp traders find unique opportunities. Commodities heavily influence the Australian and Canadian dollars, as both nations are major exporters. Read more…
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