EURAUD

EURAUD has tested levels on a trend line that has been established since the beginning of June. Prices are currently breaking through the line as we look to the momentum indicator for further clues. The hidden bearish divergence could show… Read More

GBPCAD Drops on Brexit Uncertainty Encouraging signs are emerging at the end of Britain’s lockdown with retail sales jumping by 12% in May. Nevertheless, the pound sterling drifts lower as markets have shifted their attention to… Read More

EURAUD weakening to a 5-month low of 1.6030 is a price level not reached in the last five months. What is more interesting with the pair's decline, however, is the break of the >3years ascending channel. The daily chart above suggests… Read More