Interesting article - https://www.orbex.com/blog/2017/06/a...ing-fx-market/
For the past year, there were two currencies which failed multiple times to break above key resistance areas, despite the fact that the US Dollar has been declining for the past six months.
Those two currencies are the Aussie and the Kiwi against the US Dollar. Both currencies spent the last year well below key resistance areas, which raise some questions on the Reserve Bank of Australia’s and Reserve Bank of New Zealand’s activities in the FX market.
For the past year, there were two currencies which failed multiple times to break above key resistance areas, despite the fact that the US Dollar has been declining for the past six months.
Those two currencies are the Aussie and the Kiwi against the US Dollar. Both currencies spent the last year well below key resistance areas, which raise some questions on the Reserve Bank of Australia’s and Reserve Bank of New Zealand’s activities in the FX market.
Fall seven times, stand up Eight! #GGMU
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