Thursday, December 12, 2019
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Technical Analysis – AUD/USD looks for improvement

AUD/USD looks for improvement within the descending channel. AUD/USD declined to close below the Ichimoku cloud and the short-term downward-sloping channel on Tuesday, with the price changing direction slightly north and back into the 0.6800 area. Technically, the rebound in the RSI and the pause in MACD’s negative momentum is an encouraging signal for

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Technical Analysis – GBP/USD runs to 8-month high

GBP/USD runs to 8-month high; overbought near key resistance. GBP/USD closed significantly above the tentative descending trendline stretched from the 2018 high of 1.4375 that looked to be part of a bullish pennant formation. The price inched up to an eight-month high of 1.3179 on Monday but remained close to the key 1.3175 resistance mark, with the RSI and

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