AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
GOLD: bearish 'High Wave' pattern
Information is not investment advice
There're bearish patterns such a 'High Wave' and a 'Tower', which both have been confirmed, so the price is declining. In this case, it's likely that the market is going to test the next support at 1263.60 in the coming days. If a pullback from this level happens next, bulls will probably try to reach the closest resistance at 1283.62.
While Donald Trump continues to lead the Republicans, the Democrats have not chosen its representative yet. With around 8 months till the US election, what are the chances for any of the candidates to affect the USD?