Fundamentals:
1. The BOE recently announced that they are keeping interest rates unchanged at 5.25% as expected , and this is perceived as good news for the GBP currency.
2. There are news report citing BOJ's little need to end negative rates policy. There are also dovish comments by BOJ's officials, thus the Yen might see a further dump...
NZDUSD has been on a rally since the start of November 2023, and has found itself in trouble breaking above the 0.62 strong daily supply zone.
Price did a liquity sweep of the previous high,
has then broken and closed below the structural low at 0.6122, indicating there might be a change of the trend , and price might be ready to retrace downwards after a huge 1...
GBPUSD has been on a bull trend since the start of November 2023.
Price has then retraced back to a very strong key level at 1.25
-Fib.618
-Daily Demand Zone
-Phycological level
-Previous resistance turned support
The bullish structure of price is still intact , and the support level of 1.25 is holding price very well
-Long wicks down & closed abv the previous...
AUDUSD has broken out of its 2 weeks ascending channel, and took out a previous structural low at 0.657, indicating a change of trend for the pair.
Price has also retraced upwards, creating equal highs, and currrently holding support at a major key level of 0.654.
Price may want to take out the equal highs created at 0.662, triggering buy stops orders, &...
