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AUDUSD posts several red candles Holds below the SMAs Technical oscillators hold in negative areas AUDUSD has been in a bearish corrective mode during the week, penetrating the short-term uptrend line to the downside with strong momentum. Entering the 0.6570 area has been a struggle over the past three days, and there might be another […]

The post AUDUSD Plummets Below Uptrend Line appeared first on Action Forex.

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19/07/2024

Another Cut from BoC Will Bring Benchmark Interest Rate to 4.5%

Softer inflation in Canada in June provided a small relief after an upside surprise in May, and set the Bank of Canada up for another 25-basis point interest rate cut on Wednesday to build on its first cut in June. Similar to the June meeting, we think the central bank will highlight a weakening economic […]
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