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  1. AUD/USD - daily correction with possible breakdown in the near future

    by , 03-04-2017 at 10:10 PM
    The AUD/USD is trading into key values of support, as the pair has fallen as much as 199 pips from the standing yearly high at .7741. This decline has come mostly on the back of recent US Dollar strength, and now the market is waiting for Fed Chair Janet Yell to make her most recent statements in Chicago later today.

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    Technically the AUD/USD is trending lower in the short term, trading well below its 10 day EMA (exponential moving average), ...