Logo-color Logo-white

AUDUSD hits its lowest level since mid-November Although decline halts, rebound looks unconvincing Momentum indicators remain tilted to the downside AUDUSD has been in a constant decline after peaking at 0.6870 in December, breaking below both its 50- and 200-day simple moving averages (SMAs). This week, the price fell to a fresh two-month bottom of 0.6467 before […]

The post AUDUSD Bounces Off 2024 Low appeared first on Action Forex.

previous

A Tug of War Between Hawks and Doves

next

Brent Crude Prices Edge Higher Amid Middle East Tensions

Read More

19/02/2024

NZD: The Week Ahead

Commerzbank’s analysis suggests a brighter outlook for the New Zealand Dollar (NZD) in the coming months despite recent downward pressure. Factors like broader U.S. Dollar strength and domestic issues have kept the NZD below last year’s highs. However, robust labor markets in both New Zealand and Australia and an expected stabilization of Chinese economic growth […]
25/07/2024

AUDCHF Wave Analysis

AUDCHF broke support level 0.5865 Likely to fall to support level 0.5735 AUDCHF currency pair recently broke the key support level 0.5865 (which stopped the previous correction (A) in the middle of June). The breakout of the support level 0.5865 coincided with the breakout of the 50% Fibonacci correction of the previous sharp upward impulse […]
16/01/2024

China’s Economy Likely Accelerated in Q4, But Will This Lift the Gloom?

Chinese GDP growth probably quickened in Q4 But doubts remain about 2024 outlook Risk assets could rally if data due on Wednesday, 02:00 GMT is upbeat China’s rebound hits a wall China’s economic recovery has been a big talking point for the markets over the past year, as the lifting of most Covid curbs at […]