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Hereβs a current market update and price outlook for WTI crude oil as it remains below $58.00 and approaches an annual decline near 20%:
Price Status WTI crude oil continues to struggle below the $58.00 per barrel mark, trading in the upper $50s with limited upside momentum amid persistent...
π AUD/USD Posts Fresh Yearly High Above 0.6700
The AUD/USD pair jumped to around 0.6717, marking the highest level in over a year for the Australian Dollar against the US Dollar.
π Whatβs Driving the Rally
1. Hawkish RBA Expectations
Minutes from the Reserve Bank of Australia (RBA) showed...
1οΈβ£ Current Context
EUR/USD is trading near 1.1750β1.1765, approaching its yearly resistance around 1.1780β1.1820.
Price has been in an uptrend, making higher highs and higher lows on H4 and daily charts.
Market is entering a key decision area: whether buyers can break above yearly resistance...
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