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UD/USD -0.51% -0.53% selloff - due to Political tension
- Significant resistance level $0.7350, it appears like a reversal on cards as sells in control
- A Potential downside to $0.7150 - A clear downtrend channel in play
- Fibonacci Retracement 38.2% of the last major range, indicating weakness
AUD/USD -0.53% selloff - due to Political tension
- Significant resistance level $0.7350, it appears like a reversal on cards as sells in control
- A Potential downside to $0.7150 - A clear downtrend channel in play
- Fibonacci Retracement 38.2% of the last major range, indicating weakness
- AUD/USD selloff - due to Political tension
- Significant resistance level $0.7350, it appears like a reversal on cards as sells in control
- A Potential downside to $0.7150 - A clear downtrend channel in play
EUR/USD went above 1.15 to trade as high as 1.1601 on an intraday basis, hitting some major resistance. Clear downtrend channel in play. Jackson Hole meeting on Friday, Fed Chair Powell will most likely discuss their success in supporting growth and limiting inflation.
