Monthly Archives: January 2018

AUDUSD sees bullish bias with scope to extend higher; next stop 0.8300

AUDUSD retreated over the previous two days, following the bounce off the 32-month high of 0.8135. Looking on the medium-term timeframe, the pair has been in bullish phase since January 2016, supported by higher bottoms and higher peaks. Despite the small retracement on the short-term chart, the …

Embattled dollar bulls hope for a hawkish FOMC statement

The prospects of a near term dollar recovery have been mixed throughout recent days. Initial signs that the selling pressure on the greenback had gone too far have failed to generate the traction in a recovery of any real note. Subsequently, the embattled dollar bulls have not had the boost they…

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