Sell Bounces In The AUD/USD

The AUD/USD was the weakest of the major pairs last week sliding more than 2% and over 3% for the month of August. Today’s low of .7166 in Asian trade is the lowest level since December of 2016.

Over the last several weeks, Forex Traders have had to weigh up both fundamental and technical aspects…

EURUSD fails to post strong bullish correction; stands around 40-SMA

EURUSD lost significant momentum over the previous couple of days after the pullback on the 38.2% Fibonacci retracement level of the upleg from 1.0340 to 1.2550, around 1.1710. The world’s most traded currency is hovering near the 40-day simple moving average (SMA), while the technical indicators…

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