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AUDUSD rose to one week high on Tuesday morning, after the RBA kept interest rates steady at 12-year high and kept hawkish stance on persisting upside inflation risk, although remains ready to act if economy weakens more. Near-term action is holding within a recovery leg from 0.6587 (Oct 30 low) and was boosted by Monday’s […]

The post AUD/USD Outlook: Hawkish RBA Lifts Aussie Dollar Towards Key Resistance Zone appeared first on Action Forex.

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05/07/2024

Week Ahead – Round Two of French Elections, Powell Testimony and US CPI

French parties race to block Le Pen’s RN Powell testifies before Senate Banking Committee US CPI data to shake Fed rate cut bets RBNZ to leave OCR untouched, focus on language Euro traders keep gaze locked on French election Traders will be sitting on the edge of their seats on Sunday, in anticipation of Monday’s […]
19/08/2024

EURUSD Tests 1.1050 Tricky Area

EURUSD flirts with 8-month high again Remains well above the long-term symmetrical triangle 50- and 200-day SMAs ready for bullish cross Momentum oscillators confirm upside move EURUSD has been in a bullish move, especially after the rally above the long-term symmetrical triangle last week. The pair is again battling with the almost eight-month high of 1.1050, with […]
15/01/2024

EUR/USD Blocked in Tight Sideways Range

Markets Markets on Friday again took somewhat of a biased reading, both of the developments in the Middle East and the US eco data. The air strikes of the US and the UK against Houthi targets in Yemen (temporarily) propelled Brent oil above $80 p/b. However, the impact on other markets was a bit diffuse. […]