The swing area between 1.0722 to 1.07327 are topside targets |
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2024-04-12
The AUDUSD and the NZDUSD are lower on the day as "risk off" flows from geopolitical tensions weighs
2024-04-10
Sellers force their way below the swing area at 1.0795 and 1.0803 and stay below. Key risk level now and going forward.
2024-04-08
Can the price of AUDUSD stay above the 100 day MA at 0.65967?
2024-04-05
USDJPY tilts downside bias as it drops below 100/200 hour MA amidst risk-off sentiment and lower yields
2024-01-31
A swing area in the AUDUSD between 0.6612 to 0.6624 stalled the rise.
2024-01-30
The EURUSD attempted to break above its 200-day and 100-hour moving averages but failed to maintain the momentum. The next targets for downside movement are the swing area between 1.08083 and 1.0824, followed by the 50% retracement level at 1.07936.
2024-01-29
The USD is making new highs vs a number of currencies including the EUR, GBP, CHF. The AUD which was the strongest of the major currencies at the start of the US session, is retracing a good chunk of it’s gains as well. The gains come despite yields in the US which remain lower on the day with the 10 year down over 5 basis points.
2024-01-22
The trading range is only about 32 pips today (vs 1-month average of 63 pips)
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