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4 May 2023

AUD/USD Price Analysis: Bears are in the market again, eyeing a move to 0.6620

AUD/USD bulls are trying to correct the US Dollar´s resurgence.
The bears seek a downside breakout continuation.

AUD/USD is under pressure and is testing around 0.6650 as the US Dollar battles back after the rollercoaster day on Wednesday mostly related to the Federal Reserve interest rate decision. The following illustrates the market structure ahead of a slew of data that could affect the price of the Aussie.

AUD/USD H1 chart

If the bears commit below 0.6670, where resistance meets a 78.6% Fibonacci, then there is a high possibility that the price could continue to deteriorate towards 0.6620 prior swing lows. If the bulls break above 0.6680, the bias will be back into their hands for a continuation of the bullish trend.

May 4, 2023

EUR/GBP turns sideways above 0.8800 ahead of ECB monetary policy

The EUR/GBP pair is consolidating above the round-level support of 0.8800 in the Asian session. The cross witnessed a steep fall on Wednesday after di

Gold Price Forecast: XAU/USD retreats from record top below $2,100, US NFP eyed

Gold price (XAU/USD) eases to around $2,055 after refreshing the all-time high to $2,080 during the early hours of Thursday‘s Asian session. The yello