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AUDUSD extends slide after breaking lower bound of range MACD and RSI detect bearish momentum Break below 0.6390 could aim for 0.6335 Recovery above 0.6500 could signal return within range AUDUSD extended its tumble on Monday and during the Asian session Tuesday, falling below the key support barrier of 0.6455. On Friday, the pair broke […]

The post AUDUSD Breaks the Lower Bound of a Sideways Range appeared first on Action Forex.

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29/11/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) could potentially make a Bearish continuation towards the 1st support. The 1st support at 102.30 is identified as a pullback support. This suggests that it’s a significant level where buying interest may emerge, providing support for the DXY. The 2nd support at 101.83 is another overlap support level. This […]
01/12/2023

Top Three Trade Ideas for December 2023

Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means – time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops massively, causing the markets to slow down […]
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