Could the RBA send the AUDUSD back to GFC levels?

Market News & Analysis The AUDUSD continues its migration south, due to multiple reasons at the current time. Trade War, USD strength and the RBA are all putting pressure on the AUD. Today’s RBA minutes gave traders no reason to doubt possible future rate...

EURJPY holding for a new leg lower?

Market News & Analysis Looking at the EURJPY daily we can see buyers have started to stall the decline from a previous low. The point of the low which has also now formed the base of a descending triangle pattern which are normally seen as continuation patterns in...

AUDUSD sellers pushing a continuation?

Market News & Analysis After a small rally after these mornings open, traffic has many been on the seller side for the AUDUSD. Since this mornings high we’ve seen a 20 pip decline. 70 cents is currently seen as today’s Asian session resistance. Sellers...

GBPJPY testing pattern base

Market News & Analysis Looking at the GBPJPY daily chart we can see that price has returned to the base of its longer-term descending triangle pattern. The base of this patter has held since February. While price remains above the base we would be looking for...