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GBPAUD consolidates above key support zone RSI and MACD detect negative momentum But a break below 1.8900 is needed to darken the outlook A rebound above 1.9350 may invite more bulls GBPAUD has been trading in a consolidative manner lately staying above the key support area of 1.8900, which prevented the bears from drifting south […]

The post GBPAUD Holds Above Key Support Area appeared first on Action Forex.

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18/09/2024

USD/CAD Steady after Canada’s CPI Slips to 2%

The Canadian dollar is showing limited movement on Tuesday. Early in the North American session, USD/CAD is trading at 1.3601 at the time of writing, up 0.10% today. Canada’s CPI declines more than expected Canada’s inflation rate dropped to 2% in August. This was down sharply from 2.5% in July and below the market estimate […]
18/01/2024

A Bearish Lull in Crypto?

Market picture The crypto market has been going around in circles since 13 January, staying near levels 24 hours ago, although Bitcoin’s intraday range exceeded 3.5%. Reaching the highs of the recent trading range triggered a methodical sell-off early on Wednesday and quickly spread to the major altcoins. Bitcoin made local highs late on Tuesday, […]
06/09/2024

Cliff Notes: Consumers on a Tightrope

Key insights from the week that was. In Australia, Q2 GDP printed broadly as expected at 0.2%qtr (1.0%yr). The themes of recent quarters were once again on display. The consumer remained weak, a 0.2% decline in Q2 leaving aggregate consumption just 0.5% higher than a year ago at June, and 2.0%yr lower on a per […]