Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance The Australian dollar has rallied again during the day on Wednesday, breaking through some relatively difficult resistance at the 0.7250 line. Perhaps it is the idea that the Chinese are starting to soften their stance a bit, or maybe it’s just a simple reflexive bounce…

British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility

British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility GBP/USD is also gaining ground in early trade, with the pair attempting to push higher after falling below trendline support. That break could provide the first signal of an impending downturn. However, with the price not having broken below the $1.3056 swing low, we have not yet…