The trading range is only about 32 pips today (vs 1-month average of 63 pips) |
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2024-01-05
The AUDUSD has been lower for 5 consecutive days. The close yesterday came in at 0.6706. That is now support. On the topside, the 100 hour MA at 0.67496 and moving lower is resistance.
2024-01-04
Traders closely monitor the USDCAD’s 1.3345 level as a key indicator in response to volatile market movements driven by positive US data, including stronger-than-expected ADP and lower jobless claims.
2024-01-03
Get insights into the current forex market trends, including a bearish bias for EURUSD and GBPUSD, while USDJPY encounters resistance at the key 200-day MA. Stay updated for potential trading opportunities and risks.
2024-01-02
Discover how the USDCAD rebounded off 1.3300 support and surged to new session highs, giving buyers firm control. Learn the key levels to watch and their impact on short-term control.
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