Logo-color Logo-white

AUDCAD rebounds and breaks above 0.9125 Overall, it remains above a prior upside channel The advance may continue towards the 0.9230 zone A dip below 0.9000 could signal a bearish correction AUDCAD rebounded strongly on Tuesday, extending its recovery above the key resistance zone of 0.9125. Overall, the pair is trading above the upper bound of […]

The post AUDCAD Bulls Stay in the Driver’s Seat appeared first on Action Forex.

previous

Market Analysis: AUD/USD and NZD/USD Sight Steady Increase

next

New Zealand dollar faces growth challenges

Read More

18/06/2024

Brent Oil Has Risen in Price: Reliance on Stock Market Demand Has Worked

The commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD. The main support factor currently is the improving prospects for global demand. Additionally, there are expectations that global oil producers will […]
05/08/2024

USD/JPY: Falls to Eight-Month Low, Eyes Key 140.00 Support Zone

USDJPY fell sharply overnight, hitting the lowest since early January, extending steep bear-leg off 155.21 lower top into fifth consecutive day. The pair was down 3.3% in Asian session on Monday, remaining under increased pressure after downbeat US NFP data further soured dollar’s sentiment. Large bearish candle of last week (USDJPY was down 4.7% for […]
15/05/2024

April CPI: It’s a Start

Summary The first CPI report of Q2 should be seen as welcome news by the FOMC. The headline CPI rose 0.3% in April, a tenth below consensus expectations, while the core CPI also increased 0.3%, in line with expectations but a downshift from the pace registered in Q1. Flat food prices and a decline in […]