Intraday Analysis – USD needs catalyst
AUDUSD tests major supply area The Australian dollar stays high as traders remain hopeful of a dovish Fed pivot. A tentative break above last August’s high of 0.7130 further fueled the bulls’ enthusiasm and could lay the foundation for an extended reversal to 0.7270. In the short-term, the RSI’s bearish divergence indicates […]
Intraday Market Analysis – USD awaits catalyst
USDCHF claws back losses The Swiss franc plunged across the board after a pickup in risk sentiment. After a double top at 0.9400, a drop below 0.9260 had put the bulls in an awkward position. Last March’s lows around 0.9160 has attracted some bargain hunting. Then a close above 0.9270 revealed strong […]
Choppy Trading Seeks Catalyst, NFP and ISM?
AUD/USD ANALYSIS & TALKING POINTS U.S. data in focus for AUD/USD. Commodity prices providing sustenance for Aussie. Technical analysis points to hesitancy ahead of economic releases. Recommended by Warren Venketas GET AHEAD OF THE CURVE AND READ OUR AUD Q1 GUIDE AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The pro-growth Australian dollar is enjoying some upbeat risk sentiment […]