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8 Mar 2023

AUD/USD Price Analysis: Bears eye a break to 0.6520

  • AUD/USD bears stay in charge with eyes on a downside extension.
  • The pair have made a correction and bears have moved in again. 

As per the prior analysis, AUD/USD falls heavily as bears move in towards the 0.6580s target area, AUD/USD moved in on the target and holds within the region with a bearish bias ahead of the US Nonfarm Payrolls this Friday.

AUD/USD H4 & H1 charts

Prior analysis:

AUD/USD update

AUD/USD has already made a recovery that came in close contact with the 38.2% ratio which leaves prospects of a move to the downside with 0.6520 eyed. 

Mar 8, 2023

USD/CHF Price Analysis: Indecision surrounds the major with a doji emerging around 0.9410

The USD/CHF is firm above 0.9400, shy of the 200-day Exponential Moving Average (EMA), after rallying 1.21% on Tuesday. Also, it’s forming a doji arou
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Mar 8, 2023

Fed Beige Book: Overall economic activity saw increase early 2023

Reuters reported on the Federal Reserve's Beige Book and noted that the report said that the US economic activity increased slightly from January thro
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