| The weaker than expected German preliminary CPI data has led to a softer EURUSD in trading today, setting the stage for the upcoming EU CPI data. A move below key retracement levels could turn buyers into sellers, while holding support may lead to a bullish bias. |
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AUDUSD dips for 5th consecutive day, Testing key support levels
2023-11-10
The AUDUSD has fallen for the 5th day in a row, breaking below key support levels. Traders await further downside towards swing lows from October for potential targets.
USDCHF breaks key resistance levels, maintains bullish bias
2023-11-09
The USDCHF has climbed above its 200-hour moving average and broken the 38.2% retracement level, indicating a stronger upside bias. The price remains above the 100-hour and 200-day moving averages, further supporting the bullish sentiment. Traders await a sustained move above these levels to confirm the upward momentum.
USDCAD has been helped (to the upside), by lower oil prices. What about the technicals?
2023-11-08
Oil moved below $76 today and the USDCAD moved above the 200 hour MA but can that momentum continued today?
EURUSD bounces off the 38.2% retracement and 100 hour MA support for 2nd time today
2023-11-07
The dip buyers against the 38.2% were joined by the 100-hour moving average near the 1.0664 level. Traders leaned against that level as risk can be defined and limited. That could be you too. Were you there?
AUDUSD buyers run into a cluster of resistance. Seeing some corrective selling.
2023-11-06
AUDUSD trades above and below 0.6500 after testing cluster of resistance between 0.6500 to 0.6521
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