The GBP/USD pair shows sideways trading and settles near the 1.3400 level. The price is under the negative pressure that the EMA50 continues to show, awaiting the resumption of the descending pattern, whose next target is at 1.3355. Breaking this level is required to confirm the path towards 1.3160.
On …
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:
Don't have your language?
