Upper monthly Bolinger bands are touched and LTF shows some exhaustion in this run up of AUDNZD.
NZD is seasonally very strong in November. Possible short of AUDNZD soon? or will AUD rally up to break beyond?
Hedging against Trump's reelection may suggest that AUD will weaken in many pairs, and NZD is less sensitive to Trump's policies due to less economic ties...
Is there anything today that can turn the tide of this month-long EURUSD crash?
Doesn't seem like it.
Breaking this previous support (which is not that strong to begin with) signals more red candles for EURUSD into the US elections.
Too much Trump hedging in the market to fight against this trend.
Some dates for referencing historical price action of the...
BOC Interest rate decision in about 4 and a half hours.
Market pricing in a cut of 50bp.
What if BOC cuts lower than 50bp? Will it cause an influx of funds back into CAD that is in a downtrend since early October?
USDCAD is knocking into a resistance that date back years.
Will it be a swing reversal trade or will USDCAD finally break through this...
