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AUD/USD stages crushing decline

The 1-hour AUD/USD MACD series is sitting at extreme lows.

Recent plummeting AUD/USD price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.

GBP/USD depressed around 1.5060

The British pound remains entrenched in the negative ground at the beginning of the week, with GBP/USD testing session lows in the mid-1.50s so far...
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USD/CAD hits fresh 11-year highs and counting

USD/CAD has broken to the upside and reached its highest level in over a decade as the loonie continues to feel the pressure of lower oil prices, as WTI hits fresh cycle lows sub-$39.00 a barrel.
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