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Forex News

MACD favors bears, six-month-old resistance line caps any bounce

AUD/USD trades near the lowest since February 2009. Bearish MACD signals and sustained trading below the key support (now resistance) favor the sellers. AUD/USD declines to 0.6639, down 0.60%, while heading in...

Risk reset amid China optimism, SGD slumps on easing talks, RBA Lowe caps Aussie’s recovery
Fundamental Forex Analysis

Risk reset amid China optimism, SGD slumps on easing talks, RBA Lowe caps Aussie’s recovery

Despite China coronavirus death toll reaching 500, the Asian equities saw a solid risk-on rally this Wednesday amid expectations that China’s stimulus measures would likely lessen the negative economic impact o...