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Cable down on the day as near-term technicals get called into play

There aren't any major headlines to have dragged the pair lower but it comes against the backdrop of a modest performance by the dollar today. Of note, the antipodeans are dragged much lower after Australia's softer monthly CPI data - which surprisingly saw a strong bounce in AUD/NZD off its 100-day moving average and 1.0800 mark.Anyway, going back to cable, things are certainly getting interesting now as the near-term chart would suggest below:The recent upside move has stalled just at around 1... Read More

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Cable

Down

Near

Term

Technicals

Called

Into

Play

Near term

Forex

Posted: Jun 28 2023, 11:31

Author Name: forexlive

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