AUDUSD acts under tension as the new week unfolds. It is a widely held expectation that the Reserve Bank of Australia (RBA) will announce a 25 basis point rate hike on Tuesday, March 7th. This would bring the Official Cash Rate (OCR) to 3.60%, the highest level in a decade. Economists and …
Price Action Charts in Focus
Dash 2 Trade (D2T) Feels Strong Above the $0.05 Price Level
The entire daily trading session of yesterday (March 5) was dominated by the bulls. The bull market feels so strong that the $0.04 resistance level could not hold them back. The buying increased so much that even the $0.05 resistance level could not block the bullish price progress. The bull market …
Dash 2 Trade (D2T) Bullish Trend Resumes; The Resistance Level Is Under Pressure
Dash 2 Trade's bull market resumes the uptrend after being pegged for a while between $0.034 and $0.030. The resistance level had shifted from $0.035 to $0.034 as the supply zone gained momentum. Some traders are targeting these two price zones for their take-profit levels, but a larger percentage …
