AUDUSD technical analysis: 12th December -16th December Figure: AUDUSD daily chart After breaking the triangle support region, the AUDUSD pair hit the critical support level at 0.73120.From that level pair started its bullish correction in the daily chart but stalled after hitting the minor resistance level at 0.75000 level. >read more<
The mighty dollar has slipped lower against its all major rivals in the forex industry in last Friday as the forecasted monthly wage growth declined to a great extent. However, data showed that they have added more jobs to the market but unfortunately it wasn’t good enough to give the >read more<
GBPUSD technical analysis The Great Britain pound has suffered extensive loss after the Brexit event and the pair is now in a bullish correction. The pair started its bullish correction against the mighty dollar after hitting the critical support level at 1.12925.From that levels, the first bullish correction was towards >read more<
Wall Street is expecting to make a decent profit on the event of this holiday as the consumer will be rushing towards the retail shops with a fat wallet. The current consumer’s sentiment strongly suggest that there will be almost no bargains which will ultimately add lucrative income to the >read more<
There has been a sharp rise in the Asian stock market on Monday as the recent economy data came in favor of the stockholder. The weaker Yen caused a massive rise in the Asian stock market since investors are overly cautious to buy the stock with cheaper Yen. On the >read more<
AUDUSD pair There has been a sharp fall in the Aussie dollar in the last week since the mighty U.S dollar has gain gained its former glory to certain on the event of the presidential election. The pair has breached the triangle support zone at 075697 level in the last >read more<
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