The pair is correcting downwards amid the growth of negative sentiment caused by the dropped stock indices and the growth in the yield of US treasuries, which support the demand for the US dollar.
Technical side:
The price is located below the lower Bollinger band, below the PMA 5 …
Thursday, February 25th, today’s news—European stocks continue to rise amid the positive trends on global markets and the Fed's dovish policy. Treasury yields rise, the US markets are mixed after Dow closes at record level, oil is at 13-month highs, dollar continues to weaken. The price of Brent oil is …
The Australian dollar against the US dollar traded in a noticeable positive way, approaching our awaited target at 0.8000, to keep the bullish trend scenario effective for the upcoming period, noting that surpassing the aforementioned level will extend the bullish wave to reach 0.8120 as a next target.
On the …
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