Notes: GBPAUD is trading within the confines of a descending median-line formation off the weekly highs with the risk for a deeper pullback before resumption of the broader up-trend. The pair is now testing confluence resistance into the 2.19 …
- In May, it’s typical to see the US Dollar rally; this year, however, the greenback has been weaker than seasonality suggests. - DXY strength, seasonally, can be attributed to its largest component, the Euro (57.6% of weighting). - May …
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