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The Canadian dollar has shined this week, posting gains over the past four days and rising 1%. Will the impressive rally continue? In the North American session, USD/CAD is trading at 1.3732, unchanged on the day. Canadian job growth expected to rebound Canada wraps up the week with the July employment report. The June report […]

The post Canadian Dollar Rallies, Jobs Report Looms appeared first on Action Forex.

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17/06/2024

NZDUSD: Expanding Wedge

On the H4, NZDUSD formed an expanding wedge pattern after a prolonged rise. The price bouncing off the upper trend line almost reached a vital support area, which creates two possible options. If the price falls below the support at 0.6100, breaking the lower trend line, a fall to 0.6040 can be expected; A rebound […]
06/09/2024

AUDUSD Bounces Off 0.6700 But Looks Weak

AUDUSD flirts with weekly downtrend line Stochastics create bullish cross But RSI holds near neutral level AUDUSD has reversed to the upside after the rebound off the 0.6700 round number with strong barrier coming from the weekly descending trend line around 0.6750. Over the last couple of weeks, the market has been developing back and […]
04/01/2024

NZD/USD Price Analysis: Improves to Near 0.6280, Focus on US Jobs Data

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