This article provides an exhaustive technical examination of USD/CAD and AUD/USD, analyzing significant price levels that may act as resistance or support in the upcoming trading sessions.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.U.S. September inflation data) suffered a major setback and took a beating against the greenback, with both currencies nearing their weakest levels in several months.
Conversely, if prices turn lower from their current position and begin to retreat unexpectedly, initial support is seen at 1.3640, but further losses could be in store on a push below this area, with the next downside target located at 1.3570. Everything was going well for AUD/USD until earlier this week. The pair had bounced more than 2% from multi-month lows and was on a steady recovery trajectory, but then its rebound abruptly hit a roadblock when prices collided withRight after testing the 0.6400 area, sellers made a strong comeback, initiating a robust bearish reversal that pushed prices below support at 0.6350.
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