AUD/USD to Mirror June Price Action on Failure to Hold Above 50-Day SMA
AUD/USD may mirror the price action from last month as the exchange rate struggles to hold above the 50-Day SMA (0.6969).
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AUD/USD may mirror the price action from last month as the exchange rate struggles to hold above the 50-Day SMA (0.6969).
Data prints coming out of the US may keep EUR/USD under pressure as the Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.
It was a big week for the USD, but bulls were unable to do much on this morning's test of a fresh yearly high. The focus now moves to next week's CPI.
USD/CAD Recovery Unravels Amid Failure to Hold Above 50-Day SMA 2021-03-03 16:00:00 David Song, Strategist Canadian Dollar Talking Points USD/CAD struggles to retain the advance from the February low (1.2468) as Federal Reserve officials show little interest in adjusting the path for monetary policy, and the exchange rate may continue to pullback from the 50-Day SMA (1.2718) as it extends the series of lower highs and lows from earlier this week. Advertisement USD/CAD Recovery Unravels Amid Failure to Hold Above 50-Day SMA USD/CAD trades to a fresh weekly low (1.2593) ahead of the US Non-Farm...
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