Logo-color Logo-white

The AUD/USD pair fell to 0.6566 on Friday, marking its lowest since early August. The US dollar continued to strengthen last night, bolstered by signs of resilience in the US economy. Additionally, investors hold significant expectations for Donald Trump’s success in the upcoming presidential election next week. Meanwhile, an unexpected improvement in Chinese manufacturing activity […]

The post AUDUSD Holds Near August Lows: US Dollar Pressure Remains Strong appeared first on Action Forex.

previous

Euro Retreats from Recent Lows, Pound Plummets After Budget Data Release

next

GBP/USD Technical: Trendline Break Sets the Stage for Further Downside

Read More

08/01/2024

EUR/USD Holds Support But Can It Recover?

Key Highlights EUR/USD declined and retested the 1.0880 support zone. It traded below a key bullish trend line at 1.0900 on the 4-hour chart. GBP/USD is attempting a fresh increase above the 1.2650 resistance. USD/JPY climbed higher above the 143.20 resistance zone. EUR/USD Technical Analysis The Euro started a fresh decline from the 1.1140 zone […]
28/06/2024

Weekly Focus – A Summer Full of Data and Central Bank Meetings

This week has been quiet in terms of global macro data and events. In this final Weekly Focus before the summer break, we will thus mainly highlight key data and events to watch until the Weekly Focus returns on Friday, 16 August. This week’s data releases included June inflation figures from France, Spain, and Italy, […]
07/06/2024

USD/CHF: At a Multi-Week Low and Cracking Key Supports ahead US Jobs Data

USDCHF stands at the back foot and hit new multi-week low early Friday, as markets await release of US jobs report for May. Recent bear-leg from 0.9158 (May 24 lower top) has found solid support at 0.8893/83 zone (200DMA / Fibo 38.2% of 0.8332/0.9224 rally) which contained several attacks in past few sessions, keeping the […]