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Short Term Elliott Wave in AUDJPY suggests rally from 6.4.2024 low is in progress as a 5 waves impulse structure. Up from 6.4.2024 low, wave 1 ended at 104.8 and pullback in wave 2 ended at 103.57. Internal subdivision of wave 2 unfolded as a zigzag where wave ((a)) ended at 103.6, wave ((b)) ended […]

The post Elliott Wave Intraday Analysis on AUDJPY Looking to End Wave 5 appeared first on Action Forex.

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EURUSD Rises Slightly Up After Battle With 8-Week Low

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10/06/2024

Strong US Jobs, European Elections Hammer EUR/USD

The sight of the 272K new nonfarm job additions and the fastening wages growth above 4% on a yearly basis smashed the dovish Federal Reserve (Fed) expectations on Friday, and sent the US 2-year yield from around 4.70% to 4.90% in a single move, the 10-year yield spiked to 4.45% and the US dollar index […]
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