What fundamental factor is a primary driver of FX prices? In this second installment in our 10-part series, we shift the focus to an important aspect of market dynamics.
While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange.
Australian Dollar surged more than 2.7% off the monthly low with the rally now testing 2021 resistance. These are the levels that matter on the AUD/USD technical charts.
EUR/USD extends the series of higher highs and lows from the monthly low (1.1952), with the exchange rate breaking out of the descending channel from earlier this year.