Logo-color Logo-white

AUDUSD edges higher on Friday as traders collected part of profits from the drop in past four days. Today’s action marks the first gain this week, but the pair remains on track for a weekly loss of over 1% so far. Technical studies on daily chart are mixed and lack clearer direction signal, with lift […]

The post AUD/USD: Regains Traction After Losing Over 1% This Week appeared first on Action Forex.

previous

S&P 500 Analysis: Good News is Bad News

next

Could Developments in Iran and Saudi Arabia Turn the Tide for Oil?

Read More

17/07/2024

AUD/USD: Market Stabilizes Amid Rate Cut Expectations

The Australian dollar has stabilized against the US dollar, currently trading around 0.6738. This follows a period of decline influenced by ongoing speculations regarding the US Federal Reserve’s impending policy actions. Expectations are set for the Fed to initiate rate cuts starting in September, with an additional reduction anticipated before the year’s end. Fed Chairman […]
06/12/2023

EURUSD Wave Analysis

EURUSD broke daily up channel Likely to fall to support level 1.7000 EURUSD currency pair under the bearish pressure after the earlier breakout of the support trendline of the daily up channel, which enclosed the previous impulse wave (C) from the start of November. The breakout of this daily up channel accelerated the active impulse […]
19/03/2024

GBPUSD Retreats Towards 50-day SMA

GBPUSD generates fresh 2024 peak But declines sharply towards the 50-day SMA Momentum indicators weaken significantly GBPUSD has been stuck in a rangebound pattern since mid-November, unable to adopt a clear directional impetus. Although the pair exploded higher and posted a fresh seven-month high after conquering the 50-day simple moving average (SMA), it quickly reversed back within […]