AUD/USD last week eroded the 2018-2020 support line at 0.6657.
AUD/USD has made the lowest low in a decade and following an 8-year run to the downside, it could be time for a healthy correction.
AUD/USD's momentum divergence with the price is compelling.
The last divergence seen as this was at the s
The Australian dollar attempted to reenter the 30 minutes prise channel failed after falling to 0.66035 during today's it's opening trades. The Australian dollar is still in a pullback zone as highlighted in the price chart, and I don't expect to see a quick recovery given the impact of the coronavi
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is trading at 0.6602; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6625 and then resume moving downwards to reach 0.6520. Anothe
Market moods turned sour again today as outbreak of the coronavirus seems to be getting more serious outside China. In particular, South Korea cases surged by 52 to 156. In China, there were 889 new confirmed cases yesterday, with total accumulated cases rose to 75465. China’s Science and Technology
The shift in risk appetite overnight, caused by a jump in new CoVid-19 cases outside of China, piled more pressure on the beleaguered Aussie. Weak local data added to the downforce, pressing AUD/USD to the lowest levels in 11 years.
Australia services PMI drops below 50
The Commonwealth Bank service
Australian Dollar is in free fall in Asian session today as surge in unemployment rate adds to case of April RBA cut. Sentiments are also generally weak as markets disapprove China’s tiny rate cut. Instead, investors are concerned with sign of contagion of Wuhan coronavirus to other Asian countries,