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20 Feb 2020

AUD/USD: Support line eroded – Commerzbank

The AUD/USD pair has broken the support line at 0.6657 and now has room for more falls, Karen Jones from Commerzbank informs. AUD/USD is trading at 0.6639.

Key quotes

“AUD/USD remains capped by the accelerated downtrend at .6718 and has now eroded the 2016-2020 support line at .6657, which has left it vulnerable to further weakness to the .6535/.6488 TD supports on the weekly and monthly charts.”

 

Feb 20, 2020

EUR/USD: Modest bounce

The EUR/USD pair staged a modest recovery on Wednesday and seemed largely unaffected by the ongoing US dollar upsurge. Investors look forward to secon
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Feb 20, 2020

When are the UK retail sales and how could they affect GBP/USD?

The UK retail sales, scheduled to be published later this session at 0930 GMT, are expected to come in at 0.7% MoM in January, following -0.6% seen in
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