AUDUSD is still in the long-term uptrend channel.
The Australian Dollar (AUDUSD) fell from the high of 0.7820 on January 6 to the low of 0.7659 on January 18. It rebounded in the past two trading days and returned to above the 0.7700 integer.
From the long-term trend and the FED Chairman Powell's dovish attitude, as well as the 1.9 trillion dollar stimulus plan...
JSWENERGY | Big channel / falling wedge breakout in weekly pattern. Any retracement to 70 level is a buying opportunity. Having excellent room almost 60% upside.
CMP : 78 (Dip upto 70)
SL : 60
Target : 95, 122
With the US dollar on a pullback move since the week’s start, EURUSD buyers revisit the previous support line stretched from December 02 ahead of US President-elect Joe Biden’s inauguration ceremony. Although Treasury Secretary Janet Yellen has already favored further stimulus, Biden’s first words as the 46th US President will be the key. As a result, any upside...