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Forex News

Dropping again towards 0.55 – Rabobank

AUD/USD is currently testing the 0.600 level on a resumption of USD strength stemming from risk aversion connected with bad economic news from the US and Europe, per Rabobank. Key quotes “AUD/USD had held above...

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Forex News

Pound dropping sharply, nearing 1.3000 figure

The market is in search of a clear direction.  The level to beat for sellers is the 1.2973 level.   GBP/USD daily chart     The market is essentially ranging above the 100/200-day simple moving averages (SMAs)...