Canadian Dollar Hits 10-Week Low Ahead of GDP

The Australian dollar has lost ground on Tuesday. AUD/USD has dropped by 0.31%, trading at 0.6604 in the European session at the time of writing. RBA stays pat but wary of inflation There was no surprise as the Reserve Bank of Australia maintained the cash rate at 4.35% for a sixth straight time. The RBA […]

AUDUSD tests support area near 200-day SMA Short-term bias remains on the negative side AUDUSD has been on a downward slide again, marking its fourth consecutive week in the red. It recently dipped to a two-month low of 0.6612 but held above the 200-day simple moving average (SMA) and the constraining falling line from February […]

Key Highlights AUD/USD extended losses and tested the 0.6440 support. It recovered above a connecting bearish trend line with resistance at 0.6480 on the 4-hour chart. Bitcoin extended gains and traded to a new all-time high above $94,000. EUR/USD is correcting losses and trading near the 1.0550 zone. AUD/USD Technical Analysis The Aussie Dollar started […]