AUD/USD Price Analysis: Pending Consolidation Break to Fuel Next Leg

The Australian Dollar has continued to trade within a 2% range (150pips) since the start of May trade with price setting a well-defined monthly opening-range just above weekly support. While the broader risk remains weighted to the downside, the immediate bias remains vulnerable near-term while above this week’s lows. Here are the levels that matter […]

AUD/JPY Price Analysis: Is the Correction Over?

The Australian Dollar has rallied nearly 2% against the Japanese Yen since the March lows with the advance taking price into near-term confluence resistance. We’re looking for a reaction at this pivot with a breach above needed to keep the immediate long-bias in play. That said, this inflection point could also prove terminal for the […]

Gold Technical Analysis: Has Support Set-In?

Talking Points: – Gold prices started a bullish trend in mid-December, rallying from a low of $ 1,236. – The past few days have finally seen that bullish trend pull back; but will buyers respond to near-term support? – Gold is currently carrying heavy bullish retail exposure, with a +2.0 read via IG Client Sentiment. […]