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GBPAUD broke daily down channel Likely to rise to resistance level 1.9600 GBPAUD currency pair today broke the resistance trendline of the daily down channel from the end of October (which encloses the earlier downward ABC correction (2) – which stopped earlier at the support level 1.9275). The breakout of this down channel should accelerate […]

The post GBPAUD Wave Analysis appeared first on Action Forex.

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24/04/2024

AUD/USD Rises Sharply on Inflation News

  The Consumer Price Index for Australia was released this morning. According to ForexFactory: → CPI in quarterly terms: actual = 1.0%, expected = 0.8%, previous value = 0.6%; → CPI in annual terms: actual = 3.5%, expected = 3.4%, previous value = 3.4%. Rising inflation figures suggest that the Reserve Bank of Australia’s tight […]
23/05/2024

USD/JPY Steady as Japanese PMIs Mixed

The Japanese yen is slightly lower on Thursday. USD/JPY is trading at 156.70, down 0.08% on the day at the time of writing. Japan’s PMIs for April were a mixed bag and the yen didn’t show much reaction. Services PMI dipped to 53.6, down from 54.3 in March and just shy of the forecast of […]
07/08/2024

AUD/USD: Hawkish RBA and Dovish BoJ Underpin Recovery

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