AUDJPY

GBPCHF Consolidates as Brexit Deadline Looms Pressure mounts as Brexit negotiations go into its crucial week. A deal must be reached by the end of November so the EU could pass it into legislation before the end of the transition… Read More

AUDJPY has seen a bullish ascendency which has propelled the currency pair to multi-month highs. By remaining above the 61.8% area of the 78.45/73.12 downside Fibonacci leg suggests that the bias remains on the upside. Prices are now… Read More

USDCHF Faces Highly Volatile Week There is rarely any week like this one with triple risk events where extreme volatility in the US dollar is expected. Short-coverings over the past few days suggest investors’ positioning in… Read More

GBPNZD Trades in Range for Lack of Catalyst Despite the Brexit noise, the pound has been grinding its way up against the New Zealand dollar. As major contentions around fair competition and fisheries linger, negotiations could run… Read More

EURGBP Retreats on Signs of Brexit Progress The pound sterling could be the mover and shaker after Brexit headlines kicked off volatility at the end of last week. EU officials have confirmed that both sides are in talks of ‘next… Read More

AUDJPY has seen a gradual ascent to fresh highs from April 2019. Price action has led to the pair trading towards the 78.6% Fibonacci handle of the 59.80-83.86 bullish leg. However, a bearish divergence witnessed on the momentum… Read More

USDCHF Struggles as Sell-Off Continues The US dollar remains under pressure following the virtual Jackson Hole conference where the Fed announced tweaks to its monetary policy. With target inflation at 2% on average, markets expect… Read More

USDJPY Sinks as Hope of Swift Recovery Fades Confidence in the greenback has been shattered as the US is still grappling with a record surge in infection cases. Now that President Donald Trump has raised the possibility of delaying… Read More

AUDJPY entered consolidation after a bearish pullback at the cloud top. It found support at 74.95. Above the 75.20 zone, price action suggests an upside move. The said level is a confluence of the 61.8% and 38.2% Fibonacci retracements.… Read More

EURCHF Holds Steady Ahead of ECB Rate Decision The common currency has given away its early June’s gains in the wake of the ECB’s massive stimulus of €1.35 trillion. The optimism-led surge has prompted short sides to cover their… Read More