Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Amidst the second day of Fed Chairman Powell’s Humphrey-Hawkins testimony, disappointing UK inflation data, and a big rally in cryptoassets, the Australian dollar isn’t garnering too many headlines today. That said, the pair is showing arguably the cleanest technical setup of all the majors and could therefore present strong trading opportunities, regardless of the day-to-day market noise. As the chart below shows, the Aussie has been trending consistently lower against the greenback since its late January peak near 0.8100. The textbook definition of a downtrend is a series of lower highs and lower lows, and ... (full story)