Monthly Archives: April 2018

AUD/USD looking over the edge as 0.7650 comes back into play

The Aussie tumbled against the Dollar last week as the Greenback staged a broad-market recovery, and the AUD/USD pair is kicking off the new week of trading near 0.7670. Last week saw a dovish Reserve Bank of Australia (RBA) as well as softer-than-expected employment figures, and the Australian e…

EURUSD: 1.2300 Is the Level to Watch

After just ten trading days, the EURUSD is back to testing the “must hold” support level I mentioned on April 6. In fact, it’s already dropping below the level on an intraday basis.

What’s interesting about the last ten days is that buyers failed to challenge the 2008 trend line. You can see how …

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