Logo-color Logo-white

AUD/USD is attempting a recovery wave from 0.6540. NZD/USD is also correcting losses and might recover further if there is a clear move above the 0.6030 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6540 and is now recovering against the US Dollar. There was a break above […]

The post AUD/USD and NZD/USD Rebound Could Be Limited appeared first on Action Forex.

previous

Dollar Ceding Ground, Probably on Headlines Referring to Harris Taking Lead in Battleground State of Iowa

next

As Bitcoin Retreats from the Top, Ethereum Moves to the Bottom

Read More

11/09/2024

Gold Technical: Poised for a Potential Bullish Breakout as US CPI Looms

In the past four weeks, Gold (XAU/USD) has traded in a tight range environment below US$2,532 key intermediate range resistance. Positive momentum reading and a major bearish breakdown seen in the 10-year US Treasury real yield may trigger a bullish breakout in Gold (XAU/USD). Watch the key medium-term support at US$2,435 for Gold (XAU/USD). Since […]
06/12/2023

Slowing Economy Keeps Bank of Canada On Hold in December  

The Bank of Canada maintained the overnight rate at 5.0%, while stating that it will continue with Quantitative Tightening (QT). The Bank highlighted the slowing in economic momentum stating, “economic growth stalled through the middle quarters of 2023 (and that) higher interest rates are clearly restraining spending”. The Bank also noted that the labour market […]
16/01/2024

Trump Wins Iowa Caucus

In focus today Today, focus is on German ZEW data for January and final inflation figures for December. The final HICP figures include details on inflation components that will provide important information about the underlying inflationary pressure in the largest euro area economy. While the official labour force statistics continue to be postponed, today we […]