
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
2019-11-11 • Updated
AUD/NZD is consolidating around the 200 SMA at H1 chart, which is acting as dynamic support. However, October 27th lows are expected to give up to the bears’ force in an effort to reach the Fibonacci demand zone between the 50% and 65% level, at 1.1089 and 1.1030 respectively. We’re expecting that it could act as a pivotal area in order to reach the next bullish target lying at -23.6% Fibo level in 1.1376.
RSI indicator remains in the neutral territory.
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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