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AUDUSD up and down. Looks to test the day highs

Forex

Eyes the 61.8% retracement The AUDUSD is trading up and down today, and is currently on one of it's upswings.  The  price is looking to test the Asian session high at 0.64316. The high price just reached 0.64276. A move above the high should open the door for further upside momentum.

Make It or Break It for The Australian Dollar

Forex

<p>China reported a trade surplus for March earlier today at +19.90B vs -7.09B for the combined January-February period.  China seems to be back in business after being shut down completely for 2 months.  Additional data will be released later in the week.  However, all eyes will now focus on if they can keep the coronavirus […]

EURCHF Extends Sideways Drift

Forex

<p>EURCHF’s long-term downtrend has glided the pair towards a 55-month low of 1.0517 and into a neutral market since the beginning of March. The price is continuing to creep sideways, being squeezed by the Bollinger bands, which are reflecting the weak direction in price action. The short-term oscillators reflect conflicting signals, with the

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