"Currency pairs, AUD/USD Tough resistance 0.7874, 0.7848, 0.7834, Below 0.7712, AUD/CAD Plenty resistance above beginning at 0.9544, 0.9579, 0.9618, EUR/AUD previous 1.3712 now 1.3709, a must break to head far lower, watch for possible bounce here,…"
Starting at the weekly chart, we can see a downtrend although the previous 11 weeks have been bullish. The 0.7683 area that used to be support has been now acting as resistance however, having successfully resisted an upward continuation 2 times in…See More
When the ECB adopted its experimental negative interest rate policy September 2014 based on a little known 1900's German economist by the name of Silvio Gesell, the ECB gave the market a green light sell signal that saw the EUR/USD drop 3473 pips…See More
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