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The Australian dollar has posted strong gains on Tuesday. In the European session, AUD/USD is trading at 0.6624, up 0.59% on the day. RBA holds rates, stays hawkish Nobody should have been surprised that the Reserve Bank of Australia maintained interest rates on Tuesday. The hold was widely priced in by the markets and marked […]

The post Australian Dollar Jumps on Hawkish RBA appeared first on Action Forex.

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19/11/2024

GBPUSD Gains Traction Near Familiar Support Area

GBPUSD bulls step in after six-month low near 1.2600 Price near oversold area, but bullish area is above 1.3000 GBPUSD returned to gains after a six-day decline squeezed it to a six-month low of 1.2595. The pair rebounded near an important trendline from October 2023, and indicators like the RSI and stochastic oscillator suggest the […]
29/12/2023

What To Trade In January

Hey friends, as we prepare for the new month, and the new year, here are some of my anticipated trade ideas for January. Do note, however, that these are long-term views and would therefore require patience as they unfold. EURUSD – W1 Timeframe EURUSD on the Weekly timeframe has reached a supply zone, and price […]
02/07/2024

EUR/USD: Euro Bulls Should Not be Complacent after French Election

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