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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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11/04/2024

USD/JPY Technical: Rising US Treasury-JGB Yield Spreads Outweigh BoJ’s Intervention Risk

A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasury over JGB may act […]
21/10/2024

AUD/USD and NZD/USD Could Recover In Short-Term

AUD/USD is attempting a recovery wave from 0.6660. NZD/USD could gain bullish momentum if there is a clear move above the 0.6090 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6660 and is now recovering against the US Dollar. There was a break above a key bearish trend […]
13/09/2024

Gold: Fifth Wave in Progress

Gold finally broke to the upside yesterday, moving sharply through the 2529 level and out of the consolidation we’ve been tracking in wave four for the last two weeks. So far, we’re seeing a nice extension to the upside, which suggests that wave five is in progress. However, it should be subdivided into five sub-waves […]