Scott Morrison, Australian Prime Minister has admitted that he is willing to have a diplomatic dialogue with China. He says he is interested in resolving their differences and restoring the harmonious international relationship between the two countries. The Dissonance Between Australia and …
Price Action Charts in Focus
USD/CAD Breaks above Level 1.2100, May Resume an Uptrend
USD/CAD Long-Term Analysis: RangingUSD/CAD is in an upward move. The currency pair is rising as the market approaches the resistance at 1.21200. The pair is also rising and approaching the 50-day SMA. If price breaks above the 21-day and the 50-day SMAs and the bullish momentum is sustained, the …
EURCHF Converges at Confluence Zone to Resume Uptrend
EURCHF bears are seen to have driven the market to converge at a confluence between the short-term downtrend and the long-term uptrend. The Market trend reversed on the 18th of May 2020 upon reaching the 1.05100 demand zone. The bulls took charge and drove the price to 1.11500. Price was heavily …
