The AUD/USD pair climbed to 0.6192 midweek, reflecting cautious optimism in the market. Traders remain vigilant ahead of key December inflation data from the US, which could influence expectations regarding the Federal Reserve’s potential interest rate cuts in 2025. Earlier, the Australian dollar recovered some of its losses as the US dollar reacted to Producer […]
DXY: Potential Direction: Bullish Overall momentum of the chart: Bullish Price could potentially make a Bullish bounce off pivot and head towards 1st resistance Pivot: 104.16 Supporting reasons: Acts as an Overlap support and aligns with a 23.60% Fibonacci Retracement, providing a strong base for potential upward movements. 1st support: 103.92 Supporting reasons: Offers Pullback […]
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