The test of the 200 day MA held on the first test, but not the second today. The AUDUSD buyers took the price to the 200 day MA a few hours ago and found sellers (at 0.66537). The sellers took the price back down to a low of 0.6636, before reversing back higher. The pair has […]
Sellers below the level have taken the USDCHF sharply lower The 100 day MA and trend line on the hourly chart was tested and then broken at 0.9682. The buyers did not hesitate to exit. The sellers added to the momentum move lower. The price tumbled to a low of 0.9647. The low for the […]
Weekly petroleum inventories: That's a big build but it was largely foreshadowed by the API report late yesterday. Oil is under some modest pressure and down 37-cents on the day to $32.44. API numbers from late yesterday:
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