Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
AUD/USD: confirmed 'Double Bottom'
Information is not investment advice
There's a 'Double Bottom', which has been confirmed enough, so the pair is rising. The main bullish target is the nearest resistance at 0.6962 - 0.6987 and the 89 Moving Average. The subsequent pullback from these level could be a starting point for another decline towards the next support at 0.6908 - 0.6891.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?