AUDCHF bullish breakout | 23rd June 2021

AUDCHF has just seen a bullish breakout from the descending trendline resistance-turned-support, and MACD is also now holding above the 0 line, showing potential for further bullish pressure. We could see price face further upside above Buy Entry level, in line with 38.2%, 50% Fibonacci retracement, 61.8% Fibonacci extension, and...

Market Quick Take – June 23 2021

Equities have pulled sharply higher in the wake of fresh comments from Fed Chair Powell yesterday on his view that the inflation spike will prove transitory. This reassurance helped take some more of the sting out of the reaction to the hawkish perceived shift at the FOMC meeting last week....