Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
AUD/USD: confirmed 'Triple Bottom'
Information is not investment advice
There's a 'Triple Bottom', which has been confirmed. Also, we've got a 'V-Bottom', so the market is likely going to reach the previously tested resistance at 0.7205. If a pullback from this level happens little later on, there'll be an opportunity to have a decline in the direction of the nearest support at 0.7115.
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?