Logo-color Logo-white

AUDUSD remains in red for the eighth consecutive day and fell to the lowest in six weeks in early Wednesday. Aussie dollar remains under increased pressure from stronger US dollar, falling prices of commodities and concerns about China’s economic growth. Bears cracked pivotal support at 0.6580 (200DMA / 50% retracement of 0.6362/0.6798) after Tuesday’s close […]

The post AUD/USD: Bears May Pause for Consolidation, Daily Cloud Top to Cap Upticks appeared first on Action Forex.

previous

The First View on Big Tech Earnings Wasn’t Inspiring

next

EUR/USD Pares Losses After Weak Eurozone PMIs

Read More

09/05/2024

Bank of England Closing In On Rate Cuts

Summary The Bank of England (BoE) held its policy rate at 5.25% at today’s monetary policy announcement, but offered a dovish outlook that suggests rate cuts are now approaching. The BoE said restrictive monetary policy is weighing on activity in the real economy, is leading to a looser labor market and is bearing down on […]
06/09/2024

USD/JPY – Yen Extends Rally Ahead of US Jobs Data

The Japanese yen has posted strong gains on Friday. In the European session, USD/JPY is trading at 142.76 at the time of writing, down 0.47% on the day. The yen is on a tear and is up 2.3% against the greenback this week. Japan’s household spending misses expectations Japan’s economy is showing signs of recovery […]
20/05/2024

Silver Wave Analysis

Silver broke multi-year resistance level 29.50 Likely to reach resistance level 32.00 Silver recently broke the key multi-year resistance level 29.50 (which has been reversing the price from the middle of 2020, as can be seen from the weekly Silver chart below). The breakout of the resistance level 29.50 should accelerate the active impulse waves […]