In the previous AUD/USD weekly forecast, we noted a bearish week. The middle bollinger band functioned as a support and capped the downside price action. A break below 0.68 would provide a better validation of further bearish momentum. The middle bollinger band would likely continue to function as a support. […]
AUD/USD Forecast
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In the previous AUD/USD weekly forecast, we noted a bearish week. As expected, the exertion of pull back by the upper bollinger band combined with the resistance at 0.7 limited the price action. Continued bearish pressure would see the currency pair face off against the supports at 0.69, the middle […]
In the previous AUD/USD weekly forecast, we noted a climb towards the strong sentiment and technical region of 0.7. We were commenting on the possibility of a technical squeeze for a while now and hence congratulations to all readers who were positioned to take advantage of the situation. The currency […]
As the US China trade negotiation nears the implementation of a phase one deal, positive sentiment and risk appetite results in financial rallies.
The performance of the AUD/USD and EUR/USD diverged as economic figures shine upon Australia while painting bleak for the German economy.
Brexit and the US China trade negotiations likely boosted risk appetite as optimism surged. Resulting price action was likely sentiment driven.