The AUD/USD pair is trading higher, with a short-term bullish trend in place. While the Relative Strength Index (RSI) shows mild bearish divergence, suggesting potential
The AUD/USD pair is trading higher, with a short-term bullish trend in place. While the Relative Strength Index (RSI) shows mild bearish divergence, suggesting potential for a correction, the overall trend remains upward.
If a correction occurs, the AUD/USD pair could find support at 0.6800 and 0.6736. However, a break above the September 19 high of 0.6839 would confirm the uptrend and target the 0.6870 level.
The US Dollar (USD) has entered volatile trading on Friday, attempting to extend its winning streak to six consecutive sessions. Positive economic data and Federal Reserve (Fed) commentary have created a mixed but broadly supportive environment for the Greenback. The US Dollar Index (DXY) sees heightened activity, with traders eyeing
The EUR/GBP pair has experienced a temporary rebound, but the overall bearish trend remains intact. The pair is still trading below its 20-day SMA, indicating a short-term bearish bias. Key Technical Indicators: Support and Resistance Levels: While the recent rebound may offer a short-term buying opportunity for traders, it’s important
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