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GBPUSD drifts lower The pound softened after Britain’s unemployment rate showed an uptick in August. The pair continues to drift lower and limited bounces so far suggest wariness among the bulls to buy the dip. June’s low of 1.2400 is a…
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EURUSD still under pressure The US dollar advanced after Jerome Powell stated that the Fed’s tightening campaign was not over. On the daily chart, the pair is inching towards the demand zone near 1.0700 after failing to hold above the…
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NZDUSD tests major support The US dollar holds onto recent gains as PMI data show the US as the most resilient economies. The long drift lower is a sign of profit-taking from the previous surge and the pair is now testing the demand…
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USDCHF bounces back The US dollar bounced after a surge in May's non-farm payrolls. The pair is testing the former daily demand zone around 0.9100 as it recoups losses from the April sell-off. A series of higher lows on the hourly…
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GBPUSD consolidates gains The pound found support after the UK budget committed to austerity. The pair came under pressure at the psychological level of 1.2000 which coincides with the origin of a bearish acceleration back in…
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