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GBP/USD is finding it hard to hold onto the 1.31 handle and is flirting with this line. At current levels, cable is at the lower end of the wide range of 1.3030 to 1.3320 that characterized it recently. 1.3080 serves as a line of support, the last barrier before the bottom of the ranger. On [...]
The post GBP/USD favors the downside amid political worries, BOE echoes appeared first on Forex Crunch.
The Australian dollar lost its high range in late October and seems to have stabilized at a new range. Support is found at 0.7625 and resistance is at 0.7730. Any drop to the downside was followed by a rise to the upside in recent days. This is the case today as well. After falling to [...]
The post AUD/USD bounces, but it is forming lower highs appeared first on Forex Crunch.