Category Archives: Technical Analisys

AUD/USD Testing 20-Month Low on “Perfect Storm” of Bearish News

As the final week of the month draws to a close, Aussie bulls are clearly licking their wounds. The Australian dollar has been the worst-performing over the month, week, and day so far as the currency faces a “perfect storm” of bearish developments:

USDCAD extends recovery above 1.30; looks neutral in short-term

USDCAD managed to spike slightly above the 1.30 key level today after the rebound on the 2 ½ -month low of 1.2886, maintaining its downward pattern started from 1.3276 in late June. The RSI has changed direction as well, moving towards its neutral threshold of 50, a sign that the market could…