Live market review with OANDA

As tariff headlines percolate throughout the financial media, the USD often benefits from the volatility. And with Mexico, Canada, China, and Europe facing uncertain policy paths, their currencies have underperformed versus the greenback. However, with technical indicators providing important insights into continuations and reversals, analysing the price action helps traders identify meaningful support and resistance zones. But, what do they tell us about the USD’s current trend?

In this webinar, we’ll explain:

• How to identify support and resistance for popular USD currency pairs
• Indicators used by experienced traders to gauge the strength of a trend
• How the EUR/USD and USD/CAD have performed recently 
• The importance of position sizing when headline and news risks are present

With geopolitical headlines increasing volatility in the currency market, random events can have a meaningful impact on traders’ positions. In the process, large short-term spikes can cause currency pairs to become overbought or oversold rather quickly. To help determine when the risk-reward becomes less attractive, the Relative Strength Index (RSI) is a popular technical indicator that predicts when a currency pair might reverse. Moreover, understanding how to read the metric helps increase your trading knowledge.

In this webinar, we’ll explain:

• How the RSI works and why it’s so useful across different currency pairs
• Real-time examples of how the GBP/USD and EUR/USD reacted to RSI readings
• Why the RSI sometimes remains overbought and oversold for longer than expected
• The importance of analysing different timeframes to gain a complete picture of the price action