News for today, November 16:
The yuan hit a five-month high in Asia on Tuesday as traders reacted positively to the dialogue between U.S. President Joe Biden and Chinese leader Xi Jinping. The dollar traded around a 16-month high against the euro ahead of U.S. retail sales data, which could …
The overall trend is downward. The currency pair trades in the range of the upper border of the descending price channel and the moving averages (365 and 135 EMA). A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions.
AUD/CAD rate online:
The GBP/USD pair touched the 1.3355 level and rebounded significantly to make some bullish correction for the decline that started from 1.3834 areas. EMA50 forms continuous negative pressure in front of the price, while the stochastic indicator is showing clear negative signs now.
Thus, we believe that resumption of the …
Don't have your language?
