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Currency pairs
In Monday’s early Asian session, the AUD/USD is trading on a softer note above the 0.6700 level.
The Australian Dollar is currently trading near 0.6710, and a break above 0.6750 will likely lead to a challenge of the 0.6800 psychological level. The 0.6700 level might act as a support, and a break below it could trigger a move down to the psychological support at 0.6650. A break below this level could then […]
Currency pairs
US Dollar kick-started the year on a strong footing, appreciating against most major rivals
Highlights: The US labor market’s improvement put a halt to speculations about the Federal Reserve’s intention to reduce interest rates. As long as the country’s economy continues to grow and avoid a recession, the central bank may not act soon. Prior to the March meeting of the Federal Reserve, markets were pricing in a 90 […]