A break of the consolidation formed in a 0.6869-0.7047 range strengthened the aussie bulls. An establishment above 61.8% Fibo retracement adds to the upside filters. Advancing 20-and 200-EMAs signal more gains ahead. The AUD/USD pair has declined gradually below 0.7100 after printing a high of 0.7135 on Thursday. The asset has tumbled after sensing exhaustion… Read More »
A 50% Fibo retracement at 0.8463 is acting as a major barricade for the cross. An establishment in a bullish range (60.00-80.00) by the RSI (14) indicates bullish momentum. The 200-EMA is still untouched, however, the upside momentum warrants a break of the same. The EUR/GBP pair is displaying wild swings as investors are reshuffling… Read More »
A lower print of RBNZ inflation expectations at 3.07% vs. 3.29% has brought a sell-off. The kiwi bulls are attempting an establishment above 50% Fibo retracement. Momentum oscillators RSI (14) has shifted into the bullish range of 60.00-80.00. The NZD/JPY pair surpassed the immediate hurdle of 84.62 in the Asian session but has slipped back… Read More »
An establishment above 38.2% Fibo retracement adds to the upside filters. Momentum oscillator RSI (14) is favoring a consolidation ahead. The risk barometer could tumble to 90.00 if drops below the 23.6% Fibo retracement. The AUD/JPY pair is displaying back and forth moves in a 30-pips range after a vertical upside move from a low… Read More »
