June 28 , 2018
By looking at the daily chart we can see that pair is trading in a downtrend channel which is generating bearish signal and it is making successively lower lows and lower highs i.e. it’s hovering at 1 year’s fresh low. There is no fundamental news for AUD and due to the green signal of USD pair is getting weaker on day to day basis.
Continue reading “AUD/USD: Bearish storm as bears have taken charge.”
June 22 , 2018
By looking at the daily chart we can see that black gold is providing us choppy sessions as it is finding support of an uptrend line. Earlier crude oil has made high of $72.87 level due to Venezuela factor and supply interruption but when the decision of rate hike declared it slipped to $64 level where the mentioned uptrend line was lying as it is a vital support level.
Continue reading “Crude Oil: Finding support of an uptrend line.”