low was.6511, and theres an area of prior resistance that can be re-used for higher-low support potential as the Wednesday rbnz rate decision nears. You can see how the single currency has pivoted from this area in recent months. FX Volatility Shows Up Ahead of US Mid-Term Elections. Sellers managed to clear the level earlier this month, and it did hold as resistance for several days. This type of indicator characterises the market's intensity on a certain price, by examining the FX market positions taken by different market participants. If the trend moves downwards in relation to the graph, it is depreciating in value. And while the unemployment rate dropped to 5, it went hand in hand with a drop in the participation rate, so it does not bode well for the economy.
This round of mid-terms has taken on even more interest than usual given the massive ramps seen in US equity markets after the 2016 US Presidential Election. Momentum is highest at the time a trend starts, and lowest when it changes.
Once a certain type of trend is established, it is likely to continue for a certain period of time. If youd like more color around any of the setups below, join in our live DailyFX webinars each week, set for Tuesday and Thursday at 1PM Eastern Time. On the target or resistance side of the coin, the late August swing-high around.6725 may slow the advance, and this could become an area of interest for initial targets and break-even stop moves. 0.7310 is the low of July 2018. Technical analysis forex spread betting uk can increase discipline and decrease the influence of emotions in your trading plan. AUD/USD Four-Hour Price Chart Chart prepared by James Stanley To read more: Are you looking for longer-term analysis on the.S. In addition, prices move in trends. Guy Debelle speaks : Thursday, 00:30.
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