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AUDUSD flirts with weekly downtrend line Stochastics create bullish cross But RSI holds near neutral level AUDUSD has reversed to the upside after the rebound off the 0.6700 round number with strong barrier coming from the weekly descending trend line around 0.6750. Over the last couple of weeks, the market has been developing back and […]

The post AUDUSD Bounces Off 0.6700 But Looks Weak appeared first on Action Forex.

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05/03/2024

Will Bank of Canada Pave the Way for a Rate Cut after CPI Drop?

Bank of Canada kicks off March round of central bank meetings Dovish tilt is possible after CPI drops back below 3.0% Wednesday’s decision, due 14:45 GMT, may deepen loonie’s losses Progress on inflation The Bank of Canada heads towards its second policy meeting of the year with some good news on the inflation front. The […]
12/07/2024

USDCAD Wave Analysis

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11/09/2024

USDJPY Plummets to New 9-month Low

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