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The Australian dollar has started the week with gains. AUD/USD touched a high of 0.6850, its highest level this year. In the North American session, the Australian dollar is trading at 0.6842, up 0.51% on the day. Reserve Bank expected to hold rates The Reserve Bank of Australia is expected to maintain the cash rate […]

The post AUD/USD Rises to Eight-Month High, RBA Next appeared first on Action Forex.

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13/06/2024

AUDUSD: Buying The Dips at the Blue Box Area

In this technical article we’re going to take a quick look at the Elliott Wave charts of AUDUSD Forex pair , published in members area of the website. As our members know, AUDUSD has recently given us correction against the 0.63618 low. The pair reached our target zone and completed correction right at the Equal […]
13/12/2024

USDCHF Bulls Back and Want to Stay

USDCHF bounces back, dismisses bearish risks below 0.8800 Bulls take control, aim for new higher highs USDCHF staged an impressive rebound after falling as low as 0.8733, an action which initially seemed like the completion of a bearish head and shoulders pattern below the 200-day simple moving average and the 0.8800 number. Now back in […]
15/11/2024

USDCAD Wave Analysis 14

USDCAD broke resistance level 1.3950  Likely to rise to resistance level 1.4050 USDCAD currency pair rising strongly after the earlier breakout of the resistance level 1.3950 (former multi-month high from August). The breakout of the resistance level 1.3950 accelerated the active short-term impulse wav 3 of the higher order impulse wave (3) from the end […]