AUD/USD’s fall from 0.6941 accelerated to as low as 0.6198 last week but turned sideway since then. Initial bias remains neutral this week for consolidations. Upside of recovery should be limited well below 0.6511 support turned resistance to bring another fall. Below 0.6198 will target 0.6169 long term support, and then 138.2% projection of 0.6941 […]
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The financial markets were jolted by Fed’s hawkish rate cut last week, sending ripples across stocks, bonds, currencies, precious metals, and even cryptocurrencies. Fed’s indication of prolonged restrictive monetary policy fueled risk aversion, pushing Dollar Read more…
EUR/USD tried to resume the fall from 1.1213 last week but failed to break through 1.0330 support and recovered. Initial bias is turned neutral this week first. While stronger recovery cannot be ruled out, outlook Read more…