AUD/USD: Drops After RBA Rate Cut But Remains Within Broader Consolidation Range

AUDCHF: ⬇️ Sell AUDCHF reversed from resistance zone Likely to fall to support level 0.5235 AUDCHF currency pair recently reversed down from the resistance area between the major resistance level 0.5375 (former multi-month low from last August), the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from February. The downward […]

Retail sales declined by 0.2% month-on-month (m/m) in November, coming in weaker than Statistics Canada’s advance estimate for a flat reading. October’s print was revised slightly to +0.5% m/m from +0.7% m/m. Adjusted for inflation, the volume of retail sales reported a loss of 0.2% in November, reversing course from last month’s robust 1.0% m/m […]

The dollar index extends recovery into second straight day, with strong bounce from new four-month low (103.31) on Thursday, being fueled by fresh risk aversion on global cyber outage, which hit financial centers, banks, airlines and many others, prompting investors into safer assets. Technical picture on daily chart is overall still negative, as 14-d momentum […]