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AUD/USD: Congested and Uncertain
The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels. AUD/USD Analysis In my previous AUD/USD forecast last Thursday, I wrote that the bullish environment for this currency pair in macro terms was likely to continue, and the best trade set up would be a bullish bounce in the $0.7150 area. This was a good call as the low of the day was just a couple of pips above that level, and ... (full story)
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Apr 21, 2026 6:50am
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From forex.com | Apr 20, 2026
The US dollar is showing signs of fatigue as markets increasingly price in peak geopolitical risk. With correlations across FX majors tightening and equities pushing higher, traders appear to be shifting back towards a risk-on mindset. That leaves the dollar vulnerable, particularly if tensions in the Middle East begin to ease. Technically, the US dollar ...
