Logo-color Logo-white

AUDUSD reversed from key support level 0.6580 Likely to rise to resistance level 0.6700 AUDUSD currency pair recently reversed up from the key support level 0.6580 (which has been reversing the price from the start of May) coinciding with the lower daily Bollinger Band. The support level 0.6580 was further strengthened by the 38.2% Fibonacci […]

The post AUDUSD Wave Analysis appeared first on Action Forex.

previous

Sunset Market Commentary

next

Gold Eyes Higher Ground: Aiming for Upside Break

Read More

27/06/2024

Is a China-Taiwan Conflict Likely? Watch the Region’s Stock Market Indexes

The U.S. government in early May sanctioned 300 Chinese entities for supplying machine tools and parts to Russia for its war against Ukraine, while in mid-May Russian president Vladimir Putin made a two-day visit to China. In turn I found myself thinking about how tensions between China and the United States could lead to open […]
13/09/2024

Crude Oil Slips After Brief Rally As USD Strengthens

Crude oil prices fell after initially gaining over 1.5% on Wednesday, marking the biggest rise in two weeks. Despite concerns about Tropical Storm Francine’s impact on US oil production, traders believe the storm’s effects will be short-lived due to the current oversupply in the market. The US Dollar also strengthened following a surprise rise in […]
03/04/2024

Stars Aligned for Dollar Yesterday, But Greenback Succumbed

Markets German Bunds opened softer yesterday in a catch-up move with the US Treasury sell-off on (Easter) Monday. Selling pressure remained until the start of US trading despite lower-than-expected German CPI data and a slight fall in short-term (1-yr) inflation expectations in an ECB Survey. Both cement the case for a (discounted) June ECB rate […]