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Key Highlights AUD/USD extended losses and tested the 0.6440 support. It recovered above a connecting bearish trend line with resistance at 0.6480 on the 4-hour chart. Bitcoin extended gains and traded to a new all-time high above $94,000. EUR/USD is correcting losses and trading near the 1.0550 zone. AUD/USD Technical Analysis The Aussie Dollar started […]

The post AUD/USD Recovery Faces Headwinds: Upside Still Restricted appeared first on Action Forex.

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30/11/2023

Nothing Says ‘Let’s Save the Planet’ Like a Summit Led by a Big Oil CEO

The rally in US bonds continued at full speed yesterday and bonds are set to record their best month since the GFC this November. The US 2-year yield tumbled to almost 4.60% yesterday from nearly 5% at the start of the week. While the 10-year yield rebounded after hitting 4.25%. That makes an almost 40bp […]
27/09/2024

Japanese Yen Rises 1.3% vs Dollar on Political News/Economic Data

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12/12/2023

GBP/USD: Cable Remains Constructive Above 200DMA But More Action at the Upside Needed to Confirm

Cable edged lower on sub-forecast Uk November earnings which adds to talks about possible rate cuts, although the BoE signals that cuts are still not on the table, with hawkish hold expected on Thursday’s policy meeting. Near-term structure remains positively aligned while the price stays above 200DMA (1.2491), but break above 10DMA (1.2608) is needed […]